Insider Trends: 90-Days of Insider Buying at Westinghouse Air Brake Technologies Eased Back with Share Sale
11:30 AM EDT, 05/10/2021 (MT Newswires) -- Erwan Faiveley, Director, sold 1,600 shares of Westinghouse Air Brake Technologies (WAB) on May 07, 2021, for $131,280. Subsequent to the Form 4 filing with the SEC, Faiveley has indirect ownership of 5,704,566 shares of company stock, which has a market value of $467 million as of the prior-day closing price.
Over the last 90 days, prior to the date of this filing, there have been 44 insider transactions reported to the SEC for Westinghouse Air Brake Technologies. These transactions came from the activities of 16 separate insiders that resulted in a net acquisition of 1,912 company shares. This compares with the preceding 90-day window of time where there were 12 transactions from 3 insiders which resulted in the net disposition of 350,189 shares.
This level of insider transactions is below that of the peer group average in the 4-company Locomotive Engines & Rolling Stock peer group over the last 90-day period. Activity in the peer group averaged 183.8 transactions per company, and disposition of 1,347,944 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/943452/000120919121031137/xslF345X03/doc4.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.