WAB Stock Summary and Trading Ideas (Westinghouse Air Brake Technologies | NYSE:WAB)

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.

Westinghouse Air Brake Technologies trades on the NYSE stock market under the symbol WAB.

As of April 25, 2024, WAB stock price declined to $163.18 with 1,691,330 million shares trading.

WAB has a beta of 1.01, meaning it tends to be more sensitive to market movements. WAB has a correlation of 0.40 to the broad based SPY ETF.

WAB has a market cap of $28.78 billion. This is considered a Large Cap stock.

Last quarter Westinghouse Air Brake Technologies reported $2 billion in Revenue and $1.89 earnings per share. This beat revenue expectation by $97 million and exceeded earnings estimates by $.40.

In the last 3 years, WAB stock traded as high as $167.49 and as low as $76.30.

The top ETF exchange traded funds that WAB belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

WAB has outperformed the market in the last year with a price return of +61.5% while the SPY ETF gained +23.6%. WAB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +26.2% and +10.6%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

WAB support price is $161.46 and resistance is $165.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WAB stock will trade within this expected range on the day.