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WAB stock rated a Hold by TD Cowen

In a filing, Westinghouse Air Brake Technologies Corp revealed its Executive Vice President DAVID L DENINNO acquired Company’s shares for reported $1.89 million on Oct 24 ’24. In the deal valued at $189.00 per share,10,000 shares were bought.

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Then, Schweitzer Pascal sold 2,261 shares, generating $369,832 in total proceeds. Upon selling the shares at $163.57, the President Transit now owns 8,372 shares.

Before that, Schweitzer Pascal bought 2,261 shares. Westinghouse Air Brake Technologies Corp shares valued at $369,832 were divested by the Officer at a price of $163.57 per share.

TD Cowen reiterated its Westinghouse Air Brake Technologies Corp [WAB] rating to a Hold in a research note published on April 25, 2024; the price target was $147. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid February has reiterated a ‘”a Market perform”‘ rating for it. Redburn Atlantic also remained covering WAB and has decreased its forecast on February 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 16, 2024. It rated WAB as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WAB

On Friday, Westinghouse Air Brake Technologies Corp [NYSE:WAB] saw its stock fall -0.17% to $188.76. Over the last five days, the stock has lost -1.25%. Westinghouse Air Brake Technologies Corp shares have risen nearly 48.75% since the year began. Nevertheless, the stocks have risen 81.40% over the past one year. While a 52-week high of $192.48 was reached on 10/21/24, a 52-week low of $102.16 was recorded on 01/04/24. SMA at 50 days reached $175.74, while 200 days put it at $157.43.

Levels Of Support And Resistance For WAB Stock

The 24-hour chart illustrates a support level at 187.66, which if violated will result in even more drops to 186.55. On the upside, there is a resistance level at 190.42. A further resistance level may holdings at 192.07. The Relative Strength Index (RSI) on the 14-day chart is 65.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.15%. Stochastics %K at 64.68% indicates the stock is a holding.

How much short interest is there in Westinghouse Air Brake Technologies Corp?

A steep rise in short interest was recorded in Westinghouse Air Brake Technologies Corp stocks on 2024-10-15, dropping by -0.82 million shares to a total of 1.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.67 million shares. There was a decline of -44.62%, which implies that there is a negative sentiment for the stock.

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