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Stock impact report

Why Wabtec Slumped Nearly 22% in October [The Motley Fool]

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: The Motley Fool
The company remains on track for 2018, and merger partner GE Transportation also did well in its third quarter. So why is the stock falling? Lee Samaha ( TMFSaintGermain ) Nov 6, 2018 at 4:00PM What happened Westinghouse Air Brake Technologies Corp.  ( NYSE:WAB ) , better known as Wabtec, fell 21.8% in October, according to data provided by  S&P Global Market Intelligence . Given that the company gave a solid set of results at the end of the month, and its upcoming merger partner, GE Transportation, reported good results as well ( General Electric Company ( NYSE:GE ) also posted third-quarter earnings on Oct. 30), it's fair to argue that the slide in Wabtec's stock price has more to do with sentiment than current trading. That said, most of the large-cap industrial stocks fell by double digits in October on fears of slowing growth in China an Show less Read more
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