Wabash National Corporation (WNC) has risen sharply, recording gains of 5.19% in the past 4 weeks. However, the stock has corrected -2.37% in the past 1 week, providing a good buying opportunity on dips. Wabash National Corporation (WNC) : During the past 4 weeks, traders have been relatively bearish on Wabash National Corporation (WNC), hence the stock is down -1.47% 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 -2.97% relative to the S&P 500.
Wabash National Corporation (NYSE:WNC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.10 and $13.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.18, notching a gain of 0.84% for the day. The total traded volume was 954,339 . The stock had closed at $13.07 on the previous day.
The stock has recorded a 20-day Moving Average of 1.65% and the 50-Day Moving Average is 2.35%. Wabash National Corp. is up 1.93% in the last 3-month period. Year-to-Date the stock performance stands at 11.41%.
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.