The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Columbus Mckinnon Corp shares valued at $37,340 were purchased by STEPHENS CHRISTOPHER J on Nov 14 ’24. At $37.34 per share, STEPHENS CHRISTOPHER J acquired 1,000 shares. The insider’s holdings grew to 6,014 shares worth approximately $0.22 million following the completion of this transaction.
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Also, Wilson David J. purchased 31,300 shares, netting a total of over 1,002,155 in proceeds. Following the buying of shares at $32.02 each, the insider now holds 31,300 shares.
Before that, STEPHENS CHRISTOPHER J had added 1,500 shares to its account. In a trade valued at $58,065, the Director bought Columbus Mckinnon Corp shares for $38.71 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $55755.0.
As published in their initiating research note from JP Morgan on June 04, 2024, Columbus Mckinnon Corp [CMCO] has been an Overweight and the price target has been revised to $53. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of May 25, 2022, Craig Hallum has decreased its “Buy” rating to a “Hold” for CMCO. Earlier on December 07, 2021, JP Morgan initiated its rating. Their recommendation was “an Overweight” for CMCO stock.
Analyzing CMCO Stock Performance
During the last five days, there has been a drop of approximately -7.87%. Over the course of the year, Columbus Mckinnon Corp shares have dropped approximately -4.73%. Shares of the company reached a 52-week high of $45.84 on 05/20/24 and a 52-week low of $29.26 on 09/11/24. A 50-day SMA is recorded $36.33, while a 200-day SMA reached $37.37. Nevertheless, trading volume fell to 0.61 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Columbus Mckinnon Corp (CMCO)
According to the 24-hour chart, there is a support level at 36.29, which, if violated, would cause prices to drop to 35.40. In the upper region, resistance lies at 38.61. The next price resistance is at 40.04. RSI (Relative Strength Index) is 43.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 91.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
