In a filing, Westinghouse Air Brake Technologies Corp revealed its EVP Operations Sbrocco Gregory unloaded Company’s shares for reported $0.11 million on Nov 26 ’24. In the deal valued at $201.37 per share,565 shares were sold. As a result of this transaction, Sbrocco Gregory now holds 16,101 shares worth roughly $3.31 million.
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Then, Sbrocco Gregory bought 565 shares, generating $113,772 in total proceeds.
Before that, NEUPAVER ALBERT J sold 10,000 shares. Westinghouse Air Brake Technologies Corp shares valued at $2,020,001 were divested by the Director at a price of $202.00 per share. As a result of the transaction, NEUPAVER ALBERT J now holds 604,447 shares, worth roughly $124.16 million.
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 jump 1.22% to $205.41. Over the last five days, the stock has gained 2.39%. Westinghouse Air Brake Technologies Corp shares have risen nearly 61.87% since the year began. Nevertheless, the stocks have risen 73.65% over the past one year. While a 52-week high of $203.76 was reached on 12/06/24, a 52-week low of $117.65 was recorded on 01/04/24. SMA at 50 days reached $192.31, while 200 days put it at $166.81.
Levels Of Support And Resistance For WAB Stock
The 24-hour chart illustrates a support level at 203.23, which if violated will result in even more drops to 201.06. On the upside, there is a resistance level at 206.56. A further resistance level may holdings at 207.71. The Relative Strength Index (RSI) on the 14-day chart is 70.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.95%. Stochastics %K at 96.02% indicates the stock is a selling.
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 2024-11-15, growing by 0.44 million shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.84 million shares. There was a rise of 19.16%, which implies that there is a positive sentiment for the stock.
