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Insider Trends: Insider Prolongs 90-Day Selling Trend at Westinghouse Air Brake Technologies

05/11/2021 07:21

11:19 AM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Erwan Faiveley, Director, reported a sale of 9,149 shares in Westinghouse Air Brake Technologies (WAB) for $753,603. Faiveley, following the transactions defined in the Form 4 SEC filing, has indirect ownership of 5,695,417 shares of company stock, with a market value, based on the prior-day closing price, of $461 million.

During the most recent 90-day period, previous to the date of this filing, there have been 45 insider transactions reported to the SEC for Westinghouse Air Brake Technologies. These transactions came from the activities of 16 individual insiders that resulted in a net acquisition of 312 company shares. Relative to the preceding 90-day window of time, there were 11 transactions from 3 insiders that resulted in the net disposition of 320,189 shares.

This is lower than the average level of insider transactions in the 4-company Locomotive Engines & Rolling Stock peer group over the last 90-day period. Activity in the peer group averaged 184.0 transactions per company, and disposition of 1,348,044 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/943452/000120919121031502/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.