Wabtec (WAB) Surges: Stock Moves 6.4% Higher

Westinghouse Air Brake Technologies Corporation WAB was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 13.9% in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2018 results along with an upbeat 2019 outlook.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Wabtec currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Transportation – Equipment and Leasing industry is Trinity Industries, Inc. TRN, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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