Wabash National Shares Sinking Lower, Down 2.1%

Published on Tue, 08/18/2015 - 12:35
By Adrienne Chilton in Market movers, WNC, market movers, nyse:wnc, wabash national

Wabash National (NYSE:WNC), a company whose shares are moving quickly, is trading 2.1% lower to $13.40. The Dow Jones Industrial Average is now trading fractionally lower to 17,515 and the S&P is trading 0.3% lower to 2,097.

Wabash National Corporation designs, manufactures, and markets standard and customized truck trailers under the Wabash and Fruehauf tradenames. The Company's products include composite and aluminum plate trailers, as well as Road-Railer bimodal vehicles.

Wabash National has overhead space with shares priced $13.40, or 12.7% below the average consensus analyst price target of $15.35. Wabash National shares have support at the 200-day moving average (MA) of $13.00 and additional support at the 50-day MA of $12.93.

In the past 52 weeks, Wabash National share prices have been bracketed by a low of $9.44 and a high of $15.21 and are now at $13.40, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

By Adrienne Chilton
achilton@fnno.com

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