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Columbus McKinnon Shares Dip Below 200-Day Average

Columbus McKinnon Corp. shares have dipped below their 200-day moving average, marking a potential concern for investors. The shares traded down about 0.4% on the day, now priced at $36.57, addressing investor apprehension.

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AI Rating:   5

Stock Performance Overview

Columbus McKinnon Corp. (CMCO) has reported that shares crossed below their 200-day moving average of $36.66, trading as low as $36.57 per share, indicating a slight decline of about 0.4% for the day. This movement may signal weakness in the stock's performance.

The 52-week range for CMCO shares showcases a low point of $29.26 and a high point of $45.84, showing that the current trading price is significantly closer to the lower end of this range, suggesting possible investor concerns regarding future performance and growth opportunities.