Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Manitowoc Co., Inc. shares valued at $11,961 were purchased by Ravenscroft Aaron H. on Jun 04 ’24. At $11.96 per share, Ravenscroft Aaron H. acquired 1,000 shares. The insider’s holdings grew to 494,587 shares worth approximately $5.39 million following the completion of this transaction.
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Also, Regan Brian P purchased 1,000 shares, netting a total of over 12,210 in proceeds. Following the buying of shares at $12.21 each, the insider now holds 108,286 shares.
Before that, Ravenscroft Aaron H. had added 1,000 shares to its account. In a trade valued at $12,558, the President & CEO bought Manitowoc Co., Inc. shares for $12.56 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $5.38 million.
As published in a research note from Wells Fargo on May 01, 2023, Manitowoc Co., Inc. [MTW] has been rated up from an Underweight to an Equal weight and the price target has been revised to $17 from $14. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early April. As of April 08, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for MTW. Earlier on March 11, 2022, Wells Fargo initiated its rating. Their recommendation was “an Underweight” for MTW stock.
Analyzing MTW Stock Performance
During the last five days, there has been a surge of approximately 1.87%. Over the course of the year, Manitowoc Co., Inc. shares have dropped approximately -34.69%. Shares of the company reached a 52-week high of $17.65 on 02/12/24 and a 52-week low of $10.40 on 06/25/24. A 50-day SMA is recorded $11.92, while a 200-day SMA reached $13.91. Nevertheless, trading volume fell to 99266.0 shares from 0.25 million shares the previous day.
Support And Resistance Levels for Manitowoc Co., Inc. (MTW)
According to the 24-hour chart, there is a support level at 10.71, which, if violated, would cause prices to drop to 10.57. In the upper region, resistance lies at 10.95. The next price resistance is at 11.06. RSI (Relative Strength Index) is 43.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 65.40%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
