S&P announced on 24 August that Manitowoc would be removed from the S&P 500 index as of 31 August, and be replaced by medical technology firm CareFusion. S&P said that at the close of trading on 24 August, Manitowoc had a market capitalisation of below USD900m, ranking it last in the index.
Manitowoc’s share price opened at 6.59 on 24 August, hitting a high of 6.64 and a low of 6.28. On 25 August, its stock price closed at 6.51, 4.96% lower than the last trade on 24 August.
Credit: New York Stock Exchange
