Wabash National Corporation (WNC) : Traders are bullish on Wabash National Corporation (WNC) as it has outperformed the S&P 500 by a wide margin of 3.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.42% in the last 1 week, and is up 3.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.99% and the 50-Day Moving Average is 3.34%.The 200 Day SMA reached 10.72%
Wabash National Corporation (NYSE:WNC): The stock opened in the green at $14.32 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.41 and a low of $14.11 for the day. The stock did not find buyers even at the lows and closed at $14.24 recording a loss of -0.97%. 1,267,313 shares exchanged hands during the trading day. The stock had closed at $14.24 in the previous days trading.
Wabash National Corporation (WNC) : The most positive equity analysts on Wabash National Corporation (WNC) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $15.5 with an expected fluctuation of $3.94 from the mean.
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.