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Wabash National Corporation (WNC) Stock: What Does the Chart Say Wednesday?

Wednesday, February 28, 2024 01:45 PM | InvestorsObserver Analysts

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Wabash National Corporation (WNC) Stock: What Does the Chart Say Wednesday?

The market has been high on Wabash National Corporation (WNC) stock recently. WNC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Wabash National Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WNC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WNC Stock Today?

Wabash National Corporation (WNC) stock is up 1.4% while the S&P 500 is lower by -0.06% as of 1:34 PM on Wednesday, Feb 28. WNC is higher by $0.39 from the previous closing price of $27.87 on volume of 128,889 shares. Over the past year the S&P 500 is up 27.45% while WNC is higher by 6.92%. WNC earned $4.81 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.87.

More About Wabash National Corporation

As the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (NYSE: WNC) is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash designs and manufactures a diverse range of products, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. Click Here to get the full Stock Report for Wabash National Corporation stock.

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