Wabtec Reaches 52-Week High: What's Aiding the Stock?

Shares of Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB) , scaled a 52-week high of $184.11 in the trading session on Sept. 26, 2024, before closing a tad lower at$182.27. Let's delve deeper to find out the factors working in favor of Wabtec stock. Why the Uptick in the WAB Stock? Wabtec's top line has been benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the transit segme ...