Manitowoc Company (MTW) $13.15 +2.51%
Manitowoc (MTW, news, chart, volatility) is seeing bullish order flow Tuesday. Shares are up 34 cents to $13.17 and volume in the options market is running four times the usual. 8,400 calls and only 300 puts have traded. The November 17.5 calls are the most actives, with 5,400 traded and 75 percent trading on the offer. Action is also being seen in the November 15s, December 15s, and December 17.5s. Investors are buying premium and implied volatility is up more than 10 percent to 103 percent. The company received US antitrust clearance from the US Justice Department for its acquisition of Enodis.
Category: All Stocks, Industrial Goods & Services, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
