Price Action To Observe: After Today’s Huge Increase, Is Wabash National Corporation’s Near-Term Analysis Positive?

Price Action To Observe: After Today's Huge Increase, Is Wabash National Corporation's Near Term Analysis Positive?

The stock of Wabash National Corporation (NYSE:WNC) is a huge mover today! About 1.19M shares traded hands. Wabash National Corporation (NYSE:WNC) has risen 0.93% since April 20, 2016 and is uptrending. It has underperformed by 3.62% the S&P500.
The move comes after 5 months positive chart setup for the $862.21M company. It was reported on Nov, 22 by Barchart.com. We have $14.03 PT which if reached, will make NYSE:WNC worth $25.87 million more.

Wabash National Corporation (NYSE:WNC) Ratings Coverage

Out of 5 analysts covering Wabash National Corp (NYSE:WNC), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Wabash National Corp has been the topic of 7 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded the shares of WNC in a report on Tuesday, December 8 to “Hold” rating. On Tuesday, June 14 the stock rating was downgraded by Stifel Nicolaus to “Sell”. Global Hunter Securities upgraded Wabash National Corporation (NYSE:WNC) on Monday, September 28 to “Buy” rating. CLSA initiated the shares of WNC in a report on Friday, September 30 with “Underperform” rating.

According to Zacks Investment Research, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada.”

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.07, from 0.98 in 2016Q1. The ratio increased, as 19 funds sold all Wabash National Corporation shares owned while 79 reduced positions. 22 funds bought stakes while 74 increased positions. They now own 72.98 million shares or 6.22% more from 68.71 million shares in 2016Q1.
Lsv Asset last reported 0.09% of its portfolio in the stock. Winfield Assoc owns 300 shares or 0% of their US portfolio. Connor Clark Lunn Investment Mgmt Limited holds 68,700 shares or 0.01% of its portfolio. Clarivest Asset Mngmt Lc reported 267,754 shares or 0.1% of all its holdings. Ig Investment Management Limited has 0.01% invested in the company for 122,063 shares. Dimensional Fund L P has invested 0.03% of its portfolio in Wabash National Corporation (NYSE:WNC). Royal Retail Bank Of Canada has invested 0% of its portfolio in Wabash National Corporation (NYSE:WNC). Thompson Davis & holds 0% or 250 shares in its portfolio. Masters Capital Mgmt Ltd Company has invested 0.36% of its portfolio in Wabash National Corporation (NYSE:WNC). Vanguard Gp Inc reported 9.73M shares or 0.01% of all its holdings. Baker Ellis Asset Mgmt Lc has 74,380 shares for 0.3% of their US portfolio. Wfg Advisors Limited Partnership, a Texas-based fund reported 29 shares. Cibc Mkts owns 109,408 shares or 0.01% of their US portfolio. Eagle Boston Inv Management Incorporated has 1.15% invested in the company for 668,843 shares. Panagora Asset Management accumulated 0.09% or 1.38M shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 insider sales for $367,388 net activity. $108,750 worth of Wabash National Corporation (NYSE:WNC) was sold by Roth Erin Jennifer on Wednesday, August 24. Yeagy Brent L also sold $320,669 worth of Wabash National Corporation (NYSE:WNC) on Tuesday, May 24.

More notable recent Wabash National Corporation (NYSE:WNC) news were published by: Fool.com which released: “Why Wabash National Corporation’s Shares Plunged 12% Today” on October 25, 2016, also Prnewswire.com with their article: “EnerSys to Join S&P MidCap 400; Wabash National to Join S&P SmallCap 600” published on August 23, 2016, Fool.com published: “Why Shares of Wabash National Corporation Fell Today” on June 14, 2016. More interesting news about Wabash National Corporation (NYSE:WNC) were released by: Seekingalpha.com and their article: “Wabash National Corp. Is A Trucking Gem In The Rough” published on August 11, 2016 as well as Globenewswire.com‘s news article titled: “Wabash National Corporation Enhances Indirect Distribution Channel with Retail …” with publication date: June 22, 2016.

WNC Company Profile

Wabash National Corporation, incorporated on September 13, 1991, is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s divisions include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. The Commercial Trailer Products segment produces and sells new trailers to the Retail segment and to clients who purchase trailers directly from the Company or through independent dealers. The Diversified Products segment focuses to expand its customer base, and diversify its product offerings and revenues. The Retail segment includes the sale of new and used trailers, as well as the sale of after-market parts and service, through its retail branch network.

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