Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Westinghouse Air Brake Technologies Corp shares valued at $369,832 were sold by Schweitzer Pascal on Sep 11 ’24. At $163.57 per share, Schweitzer Pascal sold 2,261 shares. The insider’s holdings dropped to 8,372 shares worth approximately $1.57 million following the completion of this transaction.
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Also, Schweitzer Pascal purchased 2,261 shares, netting a total of over 369,832 in proceeds.
Before that, David L. DeNinno had added 3,000 shares to its account. In a trade valued at $494,430, the Affiliate bought Westinghouse Air Brake Technologies Corp shares for $164.81 each.
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 drop of approximately -1.28%. Over the course of the year, Westinghouse Air Brake Technologies Corp shares have jumped approximately 47.63%. Shares of the company reached a 52-week high of $192.48 on 10/21/24 and a 52-week low of $123.76 on 01/04/24. A 50-day SMA is recorded $174.47, while a 200-day SMA reached $156.81. Nevertheless, trading volume fell to 1.91 million shares from 0.9 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 185.21, which, if violated, would cause prices to drop to 183.08. In the upper region, resistance lies at 189.54. The next price resistance is at 191.74. RSI (Relative Strength Index) is 63.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.07, which suggests the price will increase in the coming days. Percent R is at 44.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
