Large Outflow of Money Witnessed in Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation (WAB): The stock had negative money flow to the tune of ($8.63 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $10.74 million, whereas, the outflow of money on downticks was $19.37 million and the ratio between the two was 0.55. The block trade had a negative net money flow of ($8.3 million). The total block trade value undertaken on upticks was $0.97 million. On the other hand, downticks amounted to $9.27 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.1. Westinghouse Air Brake Technologies Corporation (WAB) closed with marginal gains of 19 cents to end the day at $71.63, an increase of 0.27% over the previous days close. The stock recorded 1.46% for the week.

Westinghouse

Westinghouse Air Brake Technologies Corporation has dropped 11.23% during the last 3-month period . Year-to-Date the stock performance stands at 0.95%. Westinghouse Air Brake Technologies Corporation has lost 0.31% in the last five trading days and dropped 2.26% in the last 4 weeks. 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 (NYSE:WAB): stock turned positive on Monday. Though the stock opened at $71.35, the bulls momentum made the stock top out at $72.19 level for the day. The stock recorded a low of $70.63 and closed the trading day at $71.63, in the green by 0.27%. The total traded volume for the day was 781,906. The stock had closed at $71.44 in the previous days trading.

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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