Company Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Rally 0.58%

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) : During the past 4 weeks, traders have been relatively bearish on Westinghouse Air Brake Technologies Corporation (NYSE:WAB), hence the stock is down -7.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.69% relative to the S&P 500. The stock has risen by 0.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.03% in the past 4 weeks.

The company shares have dropped -26.06% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $103.07 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $74.02 and the 200 Day Moving Average price is recorded at $73.38.

The stock has recorded a 20-day Moving Average of 1.7% and the 50-Day Moving Average is 7.2%.

Westinghouse

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): stock turned positive on Friday. Though the stock opened at $69.84, the bulls momentum made the stock top out at $71.04 level for the day. The stock recorded a low of $69.595 and closed the trading day at $70.6, in the green by 2.27%. The total traded volume for the day was 608,762. The stock had closed at $69.03 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Westinghouse Air Brake Technologies Corp, Vande Steeg Nickolas had purchased shares worth of $500,649 in a transaction dated on November 10, 2015. A total of 6,470 shares were purchased at a price of $77.38 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Companys products are used in locomotives, freight cars subway cars and buses, and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars, supplies railway electronics, positive train control equipment, signal design and engineering services, builds switcher locomotives, rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles, such as subway cars and buses, builds new commuter locomotives and refurbishes subway cars.

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