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Manitowoc Co., Inc. [MTW] Investment Appeal on the Rise

Manitowoc Co., Inc.’s recent filing unveils that its President & CEO Ravenscroft Aaron H. acquired Company’s shares for reported $11961.0 on Jun 04 ’24. In the deal valued at $11.96 per share,1,000 shares were bought. As a result of this transaction, Ravenscroft Aaron H. now holds 494,587 shares worth roughly $5.27 million.

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Then, Regan Brian P bought 1,000 shares, generating $12,210 in total proceeds. Upon buying the shares at $12.21, the EVP & Chief Financial Officer now owns 108,286 shares.

Before that, Ravenscroft Aaron H. bought 1,000 shares. Manitowoc Co., Inc. shares valued at $12,558 were divested by the President & CEO at a price of $12.56 per share. As a result of the transaction, Ravenscroft Aaron H. now holds 493,587 shares, worth roughly $5.26 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 Friday, Manitowoc Co., Inc. [NYSE:MTW] saw its stock fall -1.48% to $10.65. Over the last five days, the stock has lost -5.50%. Manitowoc Co., Inc. shares have fallen nearly -36.19% since the year began. Nevertheless, the stocks have fallen -40.17% over the past one year. While a 52-week high of $19.81 was reached on 02/12/24, a 52-week low of $10.71 was recorded on 06/21/24. SMA at 50 days reached $12.30, while 200 days put it at $14.08. A total of 0.59 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For MTW Stock

The 24-hour chart illustrates a support level at 10.55, which if violated will result in even more drops to 10.46. On the upside, there is a resistance level at 10.82. A further resistance level may holdings at 11.00. The Relative Strength Index (RSI) on the 14-day chart is 29.91, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.97%. Stochastics %K at 6.05% indicates the stock is a buying.

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