Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Manitowoc Co., Inc. shares valued at $10,008 were purchased by Cook James Steele on Aug 12 ’24. At $9.12 per share, Cook James Steele acquired 1,098 shares. The insider’s holdings grew to 41,120 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Ravenscroft Aaron H. purchased 1,000 shares, netting a total of over 11,961 in proceeds. Following the buying of shares at $11.96 each, the insider now holds 494,587 shares.
Before that, Regan Brian P had added 1,000 shares to its account. In a trade valued at $12,210, the EVP & Chief Financial Officer bought Manitowoc Co., Inc. shares for $12.21 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.12 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 7.46%. Over the course of the year, Manitowoc Co., Inc. shares have dropped approximately -37.87%. Shares of the company reached a 52-week high of $17.65 on 02/12/24 and a 52-week low of $8.85 on 09/11/24. A 50-day SMA is recorded $9.68, while a 200-day SMA reached $12.03. Nevertheless, trading volume fell to 0.72 million shares from 0.19 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 9.84, which, if violated, would cause prices to drop to 9.30. In the upper region, resistance lies at 10.73. The next price resistance is at 11.08. RSI (Relative Strength Index) is 61.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 13.85%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
