WAB - Insider Selling: Rafael Santana Unloads $5.66M Of Westinghouse Air Brake Stock | Benzinga
Disclosed on March 14, Rafael Santana, President and CEO at Westinghouse Air Brake (NYSE:WAB), executed a substantial insider sell as per the latest SEC filing.
What Happened: Santana's decision to sell 40,219 shares of Westinghouse Air Brake was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $5,655,442.
Monitoring the market, Westinghouse Air Brake's shares down by 1.1% at $139.3 during Friday's morning.
Delving into Westinghouse Air Brake's Background
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's Economic Impact: An Analysis
Revenue Growth: Over the 3 months period, Westinghouse Air Brake showcased ...