Stock News in Focus: Wabash National Corporation (NYSE:WNC)

Wabash National Corporation (NYSE:WNC) stock observed trading -20.84% off 52-week high price. On the other end, the stock has been noted 1.61% away from low price over the last 52-weeks. The stock disclosed a move of -11.91% away from 50 day moving average and -10.46% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.87% off 20-day moving average. It has market cap of $728.95M and dividend yield of 2.42%.

On Jan. 17, 2020, Wabash National Corporation (NYSE:WNC) a leading producer of engineered solutions for the transportation, logistics and distribution industries, revealed the appointment of Mike Pettit as Senior Vice President and Chief Financial Officer.

As Chief Financial Officer, Pettit will be responsible for driving Wabash National’s financial performance as the company strategically expands across products, geographies and customer bases in its pursuit to fulfill its purpose of changing how the world reaches you. He will continue to report to President and Chief Executive Officer Brent Yeagy.

Mike’s appointment comes at a pivotal time for our organization as we usher in a new era of progress and innovation at Wabash National, Yeagy said. He brings to this position two decades of experience in various finance and operations leadership roles, including positions within our Commercial Trailer Products business, corporate finance and investor relations, and as the acquisition and integration leader of our Final Mile Products business. As CFO he will help us leverage opportunities that will further advance our influence in the transportation, logistics and distribution industries while continuing to enhance shareholder returns.

Prior to this appointment, Pettit served as Senior Vice President and Group President, Final Mile Products since January 1, 2018, following Wabash National’s acquisition of Supreme Industries in late 2017. He previously served as Wabash National’s Vice President of Finance and Investor Relations (2014–2018) and Director of Finance, Commercial Trailer Products (2012–2014). Prior to Wabash National, from 1998 to 2012, Pettit held various finance positions with increasing responsibility at Ford Motor Company.

The USA based company Wabash National Corporation moved with change of -1.34% to $13.22 with the total traded volume of 525962 shares in recent session versus to an average volume of 410.98K. The stock was observed in the 5 days activity at -5.16%. The one month performance of stock was -14.93%. WNC’s shares are at -9.20% for the quarter and driving a -12.16% return over the course of the past year and is now at -10.01% since this point in 2018.  Right now the stock beta is 2.15. The average volatility for the week and month was at 3.24% and 2.73% respectively. There are 55.14M shares outstanding and 52.65M shares are floated in market.

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