Shares of Westinghouse Air Brake Technologies Corporation (WAB) Sees Large Outflow of Money

Westinghouse Air Brake Technologies Corporation (WAB) : Money flow in the Westinghouse Air Brake Technologies Corporation (WAB) stock was negative (11.02 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $7.8 million, compared to $18.82 million on downticks. The total uptick to downtick ratio was 0.41, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($10.85 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $10.85 million, indicating persistent selling. Westinghouse Air Brake Technologies Corporation (WAB) traded $0.7 higher at $76.08 gaining 0.93% over the previous days close.

Westinghouse

Shares of Westinghouse Air Brake Technologies Corporation rose by 1.89% in the last five trading days and 13.04% for the last 4 weeks. Westinghouse Air Brake Technologies Corporation has dropped 0.62% during the last 3-month period . Year-to-Date the stock performance stands at 9.07%.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.90 and $75.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.28, notching a gain of 1.58% for the day. The total traded volume was 841,587 . The stock had closed at $76.08 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.