Westinghouse Air Brake Technologies Corporation (WAB) has risen sharply, recording gains of 1.28% in the past 4 weeks. However, the stock has corrected -0.41% in the past 1 week, providing a good buying opportunity on dips. Westinghouse Air Brake Technologies Corporation (WAB) : During the past 4 weeks, traders have been relatively bearish on Westinghouse Air Brake Technologies Corporation (WAB), hence the stock is down -5.13% 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 -1.01% relative to the S&P 500.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.29 and $69.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.15, notching a gain of 1.07% for the day. The total traded volume was 1,023,700 . The stock had closed at $70.40 on the previous day.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 3.98%. Westinghouse Air Brake Technologies Corporation has dropped 12.06% during the last 3-month period . Year-to-Date the stock performance stands at 0.27%.
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.