Shares of Wabco Holdings (WBC) Sees Large Outflow of Money

Wabco Holdings (WBC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.84 million) in Wabco Holdings (WBC). On Tuesday, The value of composite uptick trades was $0.93 million, whereas, the value of composite downtick trades was $1.77 million and the ratio between the two was 0.52, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.1 million. The negative money flow of ($0 million) shows selling on strength. Wabco Holdings (WBC) gained $0.3 intraday at $107.32 and registrered 0.28% for the week.


Also, JP Morgan maintains its view on Wabco Holdings (NYSE:WBC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan lowers the price target from $109 per share to $100 per share on Wabco Holdings . The rating by the firm was issued on August 15, 2016.

Shares of WABCO Holdings Inc. rose by 0.19% in the last five trading days and 8.19% for the last 4 weeks. WABCO Holdings Inc. has dropped 0.57% during the last 3-month period . Year-to-Date the stock performance stands at 4.69%.

Wabco Holdings (NYSE:WBC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.79 and $106.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $107.06, notching a gain of 0.04% for the day. The total traded volume was 378,796 . The stock had closed at $107.02 on the previous day.

In a related news, The officer (PT Trlr Sys, Aftrmrkt & OffHwy), of Wabco Holdings Inc., Rens Nick had unloaded 600 shares at $101.19 per share in a transaction on August 8, 2016. The total value of transaction was $60,714. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

WABCO Holdings Inc. is a global supplier of electronic, mechanical and mechatronic products. The Company develops, manufactures and sells control systems, including advanced braking, stability, suspension, transmission automation, air compression and processing. Its product groups include actuator, air compressor and air processing/air management system, foundation brake, anti-lock braking system (ABS), conventional braking system, electronic braking system (EBS), electronic and conventional air suspension systems, transmission automation, vehicle electronic architecture, vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution, mBSP modular braking system platform, OptiPace, OptiFlow Tail solution, OnGuardPLUS AEBS and OnGuardPLUS, among others. It sells its products to truck and bus original equipment manufacturers (OEMs), trailer OEMs, commercial vehicle aftermarket distributors and car manufacturers.

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