logo
Plus   Neg
Share
Email

Stock Alert: Manitowoc Moving Up 3%

Shares of lifting equipment maker The Manitowoc Company, Inc. (MTW) are climbing more than 3% Thursday morning at $10.68. Its 52-week range is $7.24- $18.55. There have been no stock-centric news that influenced the upward movement.

However, the US stocks are moving sharply higher in morning trading, with Nasdaq reaching a new record intraday high. This follows the release of a Labor Department report showing another record spike in employment in the month of June.

In May when the company reported first-quarter earnings, it said it was anticipating lower demand due to the Covid19 pandemic to continue in the near term. The company has reduced its production levels and a set of cost reduction actions are in place.

The stock has recovered nearly 50% from its 52 week low of $7.24 touched in April.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Incredible Fish, Inc. has recalled a small quantity of Incredible Stone Crab Mustard Sauce citing undeclared milk, fish, and eggs allergens, the U.S. Food and Drug Administration announced. The Miami-based wholesale seafood distributor sold the recalled product to a limited number of consumers between October 15 and October 22, 2020, primarily through the company's website. Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states.
RELATED NEWS
Follow RTT