Columbus Mckinnon Corp.’s filing revealed that its Director STEPHENS CHRISTOPHER J acquired Company’s shares for reported $58065.0 on May 31 ’24. In the deal valued at $38.71 per share,1,500 shares were bought. As a result of this transaction, STEPHENS CHRISTOPHER J now holds 1,500 shares worth roughly $45765.0.
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Then, Paradowski Mark R bought 4 shares, generating $176 in total proceeds. Upon buying the shares at $43.88, the Sr. VP Information Services now owns 26,890 shares.
Before that, Paradowski Mark R bought 4 shares. Columbus Mckinnon Corp. shares valued at $171 were divested by the Sr. VP Information Services at a price of $42.81 per share. As a result of the transaction, Paradowski Mark R now holds 26,886 shares, worth roughly $0.82 million.
JP Morgan initiated its Columbus Mckinnon Corp. [CMCO] rating to an Overweight in a research note published on June 04, 2024; the price target was $53. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. Craig Hallum also remained covering CMCO and has decreased its forecast on May 25, 2022 with a “Hold” recommendation from previously “Buy” rating. JP Morgan started covering the stock on December 07, 2021. It rated CMCO as “an Overweight”.
Price Performance Review of CMCO
On Tuesday, Columbus Mckinnon Corp. [NASDAQ:CMCO] saw its stock jump 0.49% to $30.51. Over the last five days, the stock has lost -6.78%. Columbus Mckinnon Corp. shares have fallen nearly -21.81% since the year began. Nevertheless, the stocks have fallen -13.96% over the past one year. While a 52-week high of $45.84 was reached on 05/20/24, a 52-week low of $30.29 was recorded on 09/10/24. SMA at 50 days reached $34.28, while 200 days put it at $38.52.
Levels Of Support And Resistance For CMCO Stock
The 24-hour chart illustrates a support level at 30.08, which if violated will result in even more drops to 29.65. On the upside, there is a resistance level at 30.81. A further resistance level may holdings at 31.10. The Relative Strength Index (RSI) on the 14-day chart is 32.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.72%. Stochastics %K at 5.80% indicates the stock is a buying.
How much short interest is there in Columbus Mckinnon Corp.?
A steep rise in short interest was recorded in Columbus Mckinnon Corp. stocks on 2024-08-15, growing by 56198.0 shares to a total of 0.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.29 million shares. There was a rise of 16.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 03, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $70 price target.
