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Westinghouse Air Brake Technologies Corp [WAB] Shares Jump Approximately 45.86% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Westinghouse Air Brake Technologies Corp shares valued at $275,376 were sold by Sbrocco Gregory on May 10 ’24. At $167.30 per share, Sbrocco Gregory sold 1,646 shares. The insider’s holdings dropped to 16,666 shares worth approximately $2.66 million following the completion of this transaction.

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Also, NEUPAVER ALBERT J sold 29,100 shares, netting a total of over 4,703,456 in proceeds. Following the sale of shares at $161.63 each, the insider now holds 595,412 shares.

Before that, Schweitzer Pascal had sold 6,000 shares from its account. In a trade valued at $976,410, the President Transit traded Westinghouse Air Brake Technologies Corp shares for $162.74 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $1.7 million.

As published in a research note from TD Cowen on April 25, 2024, Westinghouse Air Brake Technologies Corp [WAB] has been retained to a Hold and the price target has been revised to $147. Analysts at TD Cowen resumed the stock at ‘”a Market perform”‘ outlook in a report released in mid February. As of February 15, 2024, Redburn Atlantic has decreased its “Buy” rating to a “Neutral” for WAB. Earlier on January 16, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for WAB stock which previously was a “a Neutral”.

Analyzing WAB Stock Performance

During the last five days, there has been a surge of approximately 0.09%. Over the course of the year, Westinghouse Air Brake Technologies Corp shares have jumped approximately 25.69%. Shares of the company reached a 52-week high of $170.83 on 05/20/24 and a 52-week low of $123.76 on 01/04/24. A 50-day SMA is recorded $163.78, while a 200-day SMA reached $134.88. Nevertheless, trading volume fell to 0.8 million shares from 1.87 million shares the previous day.

Support And Resistance Levels for Westinghouse Air Brake Technologies Corp (WAB)

According to the 24-hour chart, there is a support level at 155.94, which, if violated, would cause prices to drop to 153.89. In the upper region, resistance lies at 159.13. The next price resistance is at 160.26. RSI (Relative Strength Index) is 45.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.56, which suggests the price will decrease in the coming days. Percent R is at 52.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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