Wabash National Corporation (WNC) Shares are Down -6.1%

Wabash National Corporation (WNC) : During the past 4 weeks, traders have been relatively bearish on Wabash National Corporation (WNC), hence the stock is down -2.93% 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 -6.15% relative to the S&P 500. The 4-week change in the price of the stock is -1.93% and the stock has fallen -6.1% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 1.29%. Wabash National Corporation (NYSE:WNC): On Fridays trading session , Opening price of the stock was $13.38 with an intraday high of $13.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.22. However, the stock managed to close at $13.24, a loss of 1.12% for the day. On the previous day, the stock had closed at $13.39. The total traded volume of the day was 522,852 shares.


The company Insiders own 2.9% of Wabash National Corporation shares according to the proxy statements. Also, Major Brokerage house, Stifel Nicolaus downgrades its ratings on Wabash National Corporation (NYSE:WNC). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 14, 2016.

Wabash National Corporation (Wabash) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The Company operates in three segments: Commercial Trailer Products, Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized truck trailers. The Diversified Products segment focuses to expand its customer base, diversify its product offerings, end markets and revenues. The Retail segment includes its 15 Company-owned retail branch locations, which are strategically located in metropolitan areas to provide additional opportunities to distribute its products. The Companys commercial trailer product trademarks include Wabash, DuraPlate, DuraPlateHD, DuraPlate XD-35, FreightPro, ArcticLite, RoadRailer, Transcraft, Eagle, Eagle II, D-Eagle and Benson. Its three trailer drag reduction systems include Ventix DRS, AeroFin and AeroSkirt CX.

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