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. Manitowoc Co., Inc shares valued at $10,633 were purchased by Regan Brian P on Nov 01 ’24. At $8.86 per share, Regan Brian P acquired 1,200 shares. The insider’s holdings grew to 109,486 shares worth approximately $0.94 million following the completion of this transaction.
Also, Cook James Steele purchased 1,000 shares, netting a total of over 8,900 in proceeds. Following the buying of shares at $8.90 each, the insider now holds 42,120 shares.
Before that, Cook James Steele had added 1,098 shares to its account. In a trade valued at $10,008, the EVP, Human Resources bought Manitowoc Co., Inc shares for $9.12 each. Upon closing the transaction, the insider’s holdings increased to 1,098 shares, worth approximately $0.35 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 drop of approximately -5.48%. Over the course of the year, Manitowoc Co., Inc shares have dropped approximately -5.48%. Shares of the company reached a 52-week high of $9.32 on 01/02/25 and a 52-week low of $8.47 on 01/08/25. A 50-day SMA is recorded $9.84, while a 200-day SMA reached $10.88. Nevertheless, trading volume fell to 0.26 million shares from 0.32 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 8.48, which, if violated, would cause prices to drop to 8.34. In the upper region, resistance lies at 8.76. The next price resistance is at 8.90. RSI (Relative Strength Index) is 34.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 87.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
