Shares of Westinghouse Air Brake Technologies Corporation (WAB) Rally 1.19%

Westinghouse Air Brake Technologies Corporation (WAB) : During the past 4 weeks, traders have been relatively bearish on Westinghouse Air Brake Technologies Corporation (WAB), hence the stock is down -6.36% 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 -0.3% relative to the S&P 500. The stock has risen by 1.19% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.27% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 4.65%.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): The stock opened at $71.88 on Friday but the bulls could not build on the opening and the stock topped out at $71.96 for the day. The stock traded down to $70.99 during the day, due to lack of any buying support eventually closed down at $71.44 with a loss of -0.04% for the day. The stock had closed at $71.47 on the previous day. The total traded volume was 1,194,453 shares.

Westinghouse

The company Insiders own 5.74% of Westinghouse Air Brake Technologies Corporation shares according to the proxy statements. Institutional Investors own 96.69% of Westinghouse Air Brake Technologies Corporation shares. In a related news, Vande Steeg Nickolas, director of Westinghouse Air Brake Technologies Corp, had purchased 6,470 shares on November 10, 2015. The total value of the transaction was $500,649. The information was disclosed with the SEC in a Form 4 Filing. 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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