Manitowoc Co., Inc.’s recently made public that its EVP, Human Resources Cook James Steele acquired Company’s shares for reported $2339.0 on Mar 01 ’24. In the deal valued at $14.03 per share,167 shares were bought. As a result of this transaction, Cook James Steele now holds 672 shares worth roughly $8749.44.
Then, BELEC ANNE E bought 1,772 shares, generating $24,380 in total proceeds. Upon buying the shares at $13.76, the Director now owns 39,829 shares.
Before that, BELEC ANNE E bought 1,303 shares. Manitowoc Co., Inc. shares valued at $24,375 were divested by the Director at a price of $18.70 per share. As a result of the transaction, BELEC ANNE E now holds 38,057 shares, worth roughly $0.5 million.
Wells Fargo upgraded its Manitowoc Co., Inc. [MTW] rating to an Equal weight from a an Underweight in a research note published on May 01, 2023; the price target was increased to $17 from $14. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “a Sell”. Robert W. Baird also remained covering MTW and has decreased its forecast on April 08, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Wells Fargo started covering the stock on March 11, 2022. It rated MTW as “an Underweight”.
Price Performance Review of MTW
On Tuesday, Manitowoc Co., Inc. [NYSE:MTW] saw its stock jump 1.88% to $13.02. Manitowoc Co., Inc. shares have fallen nearly -21.99% since the year began. Nevertheless, the stocks have fallen -16.43% over the past one year. While a 52-week high of $19.81 was reached on 02/12/24, a 52-week low of $12.20 was recorded on 03/19/24. SMA at 50 days reached $13.63, while 200 days put it at $15.16. A total of 0.21 million shares were traded, compared to the trading of 0.15 million shares in the previous session.
Levels Of Support And Resistance For MTW Stock
The 24-hour chart illustrates a support level at 12.80, which if violated will result in even more drops to 12.57. On the upside, there is a resistance level at 13.20. A further resistance level may holdings at 13.37. The Relative Strength Index (RSI) on the 14-day chart is 40.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.71%. Stochastics %K at 12.52% indicates the stock is a buying.
