Shares of Manitowoc Company (The) (NYSE:MTW) Sees Large Outflow of Money

Manitowoc Company (The) (NYSE:MTW) : The total money flow in Manitowoc Company (The) (NYSE:MTW) was negative ($3.38 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $4.28 million. Transactions on upticks were comparatively lower at $0.9 million. The uptick to downtick ratio was 0.21. The total block trades done on upticks were valued at $0.06 million. The total block trades on downticks were valued at $3.27 million. The uptick to the downtick ratio of block trades was 0.02. The money flow during block trades was negative ($3.21 million) when the stock traded with a gain of $18 cent. Manitowoc Company (The) (NYSE:MTW) was $5.28, an increase of 3.53% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Weyers Lawrence Joseph, (Senior Vice President) of Manitowoc Co Inc, had unloaded 1,472 shares at an average price of $15.2 in a transaction dated on February 16, 2016. The total value of the transaction was worth $22,374. Currently the company Insiders own 3.36% of Manitowoc Company (The) shares according to the proxy statements. Institutional Investors own 82.03% of Manitowoc Company (The) shares.

The company shares have dropped -73.74% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $19.83 and the one year low was seen on Mar 8, 2016. The 50-Day Moving Average price is $5.69 and the 200 Day Moving Average price is recorded at $9.03. Manitowoc Company (The) (NYSE:MTW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.18 and $5.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.27, notching a gain of 3.33% for the day. The total traded volume was 3,734,133 . The stock had closed at $5.10 on the previous day.

The Manitowoc Company, Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. Its Crane products are marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products, services and solutions are marketed under Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Koolaire, Kolpak, Kysor Panel Systems and U.S. Range, Lincoln, Manitowoc Ice and Merrychef, among others.

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