Large Inflow of Money Detected in Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation (WAB): $1.94 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.17. The value of trades done on upticks was $13.27 million, whereas, trades done on downticks were valued at $11.32 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.14 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $3.14 million. Westinghouse Air Brake Technologies Corporation (WAB) fell $0.17 traded at $71.59, a change of -0.24% over the previous day. The stock is 1.4% for the week.


The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 4.85%. Shares have dropped -24.75% 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 $73.86 and the 200 Day Moving Average price is recorded at $73.37.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): The stock opened at $72.58 on Thursday but the bulls could not build on the opening and the stock topped out at $72.84 for the day. The stock traded down to $71.47 during the day, due to lack of any buying support eventually closed down at $71.47 with a loss of -0.40% for the day. The stock had closed at $71.76 on the previous day. The total traded volume was 1,014,952 shares.

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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