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 $558,396 were purchased by Mastalerz John A Jr on Nov 06 ’24. At $199.71 per share, Mastalerz John A Jr acquired 2,796 shares.
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Also, NEUPAVER ALBERT J sold 35,722 shares, netting a total of over 6,740,603 in proceeds. Following the sale of shares at $188.70 each, the insider now holds 614,447 shares.
Before that, DeNinno David L had sold 875 shares from its account. In a trade valued at $165,116, the Exec VP, General Counsel, Sec. traded Westinghouse Air Brake Technologies Corp shares for $188.70 each. Upon closing the transaction, the insider’s holdings decreased to 875 shares, worth approximately $11.09 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 5.85%. Over the course of the year, Westinghouse Air Brake Technologies Corp shares have jumped approximately 57.92%. Shares of the company reached a 52-week high of $202.18 on 11/06/24 and a 52-week low of $123.76 on 01/04/24. A 50-day SMA is recorded $180.25, while a 200-day SMA reached $159.96. Nevertheless, trading volume fell to 1.23 million shares from 1.21 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 198.03, which, if violated, would cause prices to drop to 195.66. In the upper region, resistance lies at 202.48. The next price resistance is at 204.55. RSI (Relative Strength Index) is 76.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.75, which suggests the price will increase in the coming days. Percent R is at 10.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
