Finance

Are Investors Buying or Selling Westinghouse Air Brake Technologies Corporation (WAB), and What Should You Do?

Recent insider trends for Westinghouse Air Brake Technologies Corporation (NYSE:WAB) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. WAB’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 108.71% of Westinghouse Air Brake Technologies Corporation (WAB)’s shares. The total value of these holdings, in millions, is $7,971. Among active positions in the latest quarter, 206 holders increased their positions by a total of 12.51 million shares, 184 holders decreased the positions by a total of 6.12 million shares, and 66 holders held their positions. This works out to a net increase in ownership of 6.39 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 41 holders initiated new positions by a total of 981955 shares and 40 holders exited their positions by a total of 1.11 million shares. This nets out to a decrease of 127816 shares and is another bearish sign for WAB.

Insider ownership increased by a total of 0 shares, which suggests that WAB’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 34 buys and 16 sells, and ownership increased by a net of 6.33 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Westinghouse Air Brake Technologies Corporation (NYSE:WAB)’s short interest is 13.75 million shares, or 16.18% of the float. This represents a decrease of -11% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for WAB. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that WAB is a buy, which implies that WAB is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is undervalued.

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