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 $113,772 were sold by Sbrocco Gregory on Nov 26 ’24. At $201.37 per share, Sbrocco Gregory sold 565 shares. The insider’s holdings dropped to 16,101 shares worth approximately $3.28 million following the completion of this transaction.
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Also, Sbrocco Gregory purchased 565 shares, netting a total of over 113,772 in proceeds.
Before that, NEUPAVER ALBERT J had sold 10,000 shares from its account. In a trade valued at $2,020,001, the Director traded Westinghouse Air Brake Technologies Corp shares for $202.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $123.22 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 0.57%. Over the course of the year, Westinghouse Air Brake Technologies Corp shares have jumped approximately 60.64%. Shares of the company reached a 52-week high of $207.51 on 12/09/24 and a 52-week low of $123.76 on 01/04/24. A 50-day SMA is recorded $193.59, while a 200-day SMA reached $167.79. Nevertheless, trading volume fell to 1.11 million shares from 1.18 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 202.94, which, if violated, would cause prices to drop to 202.04. In the upper region, resistance lies at 205.40. The next price resistance is at 206.96. RSI (Relative Strength Index) is 64.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 26.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
