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 $222,568 were purchased by Wilson David J. on Feb 14 ’25. At $20.50 per share, Wilson David J. acquired 10,857 shares. The insider’s holdings grew to 141,358 shares worth approximately $2.93 million following the completion of this transaction.
Also, STEPHENS CHRISTOPHER J purchased 5,000 shares, netting a total of over 101,350 in proceeds. Following the buying of shares at $20.27 each, the insider now holds 11,014 shares.
Before that, COLELLA GERARD G had added 5,500 shares to its account. In a trade valued at $112,585, the Director bought Columbus Mckinnon Corp shares for $20.47 each. Upon closing the transaction, the insider’s holdings increased to 5,500 shares, worth approximately $0.11 million.
As published in a research note from DA Davidson on February 18, 2025, Columbus Mckinnon Corp [CMCO] has been rated down from a Buy to a Neutral and the price target has been revised to $35. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of June 04, 2024, JP Morgan has initiated its “an Overweight” rating for CMCO. Earlier on May 26, 2022, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CMCO stock which previously was a “an Overweight”.
Analyzing CMCO Stock Performance
During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Columbus Mckinnon Corp shares have dropped approximately -44.36%. Shares of the company reached a 52-week high of $37.81 on 01/22/25 and a 52-week low of $19.55 on 02/12/25. A 50-day SMA is recorded $34.97, while a 200-day SMA reached $35.75. Nevertheless, trading volume fell to 0.83 million shares from 1.72 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 20.30, which, if violated, would cause prices to drop to 19.89. In the upper region, resistance lies at 21.24. The next price resistance is at 21.77. RSI (Relative Strength Index) is 18.40 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.39, which suggests the price will decrease in the coming days. Percent R is at 93.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
