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 $320,900 were purchased by Abraham Chad R on Mar 03 ’25. At $16.05 per share, Abraham Chad R acquired 20,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.33 million following the completion of this transaction.
Also, Dastoor Michael purchased 10,000 shares, netting a total of over 192,100 in proceeds. Following the buying of shares at $19.21 each, the insider now holds 20,366 shares.
Before that, Wilson David J. had added 10,857 shares to its account. In a trade valued at $222,568, the President & CEO bought Columbus Mckinnon Corp shares for $20.50 each. Upon closing the transaction, the insider’s holdings increased to 10,857 shares, worth approximately $2.34 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 -6.92%. Over the course of the year, Columbus Mckinnon Corp shares have dropped approximately -55.56%. Shares of the company reached a 52-week high of $37.81 on 01/22/25 and a 52-week low of $15.48 on 03/04/25. A 50-day SMA is recorded $30.66, while a 200-day SMA reached $34.44.
Support And Resistance Levels for Columbus Mckinnon Corp (CMCO)
According to the 24-hour chart, there is a support level at 16.04, which, if violated, would cause prices to drop to 15.54. In the upper region, resistance lies at 16.85. The next price resistance is at 17.16. RSI (Relative Strength Index) is 17.47 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.28, which suggests the price will decrease in the coming days. Percent R is at 81.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
