Manitowoc Co., Inc’s filing revealed that its EVP & Chief Financial Officer Regan Brian P acquired Company’s shares for reported $10633.0 on Nov 01 ’24. In the deal valued at $8.86 per share,1,200 shares were bought. As a result of this transaction, Regan Brian P now holds 109,486 shares worth roughly $0.94 million.
Then, Cook James Steele bought 1,000 shares, generating $8,900 in total proceeds. Upon buying the shares at $8.90, the EVP, Human Resources now owns 42,120 shares.
Before that, Cook James Steele bought 1,098 shares. Manitowoc Co., Inc shares valued at $10,008 were divested by the EVP, Human Resources at a price of $9.12 per share. As a result of the transaction, Cook James Steele now holds 41,120 shares, worth roughly $0.35 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 -1.60% to $8.63. Over the last five days, the stock has lost -12.92%. Manitowoc Co., Inc shares have fallen nearly -48.29% since the year began. Nevertheless, the stocks have fallen -46.79% over the past one year. While a 52-week high of $17.65 was reached on 02/12/24, a 52-week low of $8.50 was recorded on 10/31/24. SMA at 50 days reached $10.06, while 200 days put it at $11.13.
Levels Of Support And Resistance For MTW Stock
The 24-hour chart illustrates a support level at 8.45, which if violated will result in even more drops to 8.27. On the upside, there is a resistance level at 8.94. A further resistance level may holdings at 9.26. The Relative Strength Index (RSI) on the 14-day chart is 25.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.69%. Stochastics %K at 3.83% indicates the stock is a buying.
How much short interest is there in Manitowoc Co., Inc?
A steep rise in short interest was recorded in Manitowoc Co., Inc stocks on 2024-11-29, dropping by 81550.0 shares to a total of 0.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.75 million shares. There was a decline of -12.18%, which implies that there is a negative sentiment for the stock.
