Manhattan Associates, Inc.’s recently made public that its SVP, CLO & Secretary Richards Bruce unloaded Company’s shares for reported $1.02 million on Mar 06 ’24. In the deal valued at $255.67 per share,4,000 shares were sold. As a result of this transaction, Richards Bruce now holds 30,236 shares worth roughly $7.32 million.
Then, Gantt James Stewart sold 4,000 shares, generating $1,003,142 in total proceeds. Upon selling the shares at $250.79, the EVP, Professional Services now owns 52,287 shares.
Before that, Capel Eddie sold 5,902 shares. Manhattan Associates, Inc. shares valued at $1,485,599 were divested by the President & CEO at a price of $251.71 per share. As a result of the transaction, Capel Eddie now holds 193,089 shares, worth roughly $46.76 million.
Citigroup initiated its Manhattan Associates, Inc. [MANH] rating to a Neutral in a research note published on March 13, 2024; the price target was $260. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. DA Davidson began covering MANH with “Neutral” recommendation on February 22, 2023. Raymond James revised its rating on March 22, 2022. It rated MANH as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of MANH
On Tuesday, Manhattan Associates, Inc. [NASDAQ:MANH] saw its stock jump 0.04% to $242.18. Over the last five days, the stock has lost -0.24%. Manhattan Associates, Inc. shares have risen nearly 12.47% since the year began. Nevertheless, the stocks have risen 57.68% over the past one year. While a 52-week high of $266.94 was reached on 03/08/24, a 52-week low of $152.00 was recorded on 01/05/24. SMA at 50 days reached $248.12, while 200 days put it at $215.03. A total of 0.32 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For MANH Stock
The 24-hour chart illustrates a support level at 240.69, which if violated will result in even more drops to 239.21. On the upside, there is a resistance level at 243.63. A further resistance level may holdings at 245.09. The Relative Strength Index (RSI) on the 14-day chart is 41.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.96%. Stochastics %K at 12.46% indicates the stock is a buying.
How much short interest is there in Manhattan Associates, Inc.?
A steep rise in short interest was recorded in Manhattan Associates, Inc. stocks on Mar 28, 2024, growing by 0.19 million shares to a total of 1.17 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.98 million shares. There was a rise of 16.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.45% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.95.
The most recent change occurred on August 30, 2021 when The Benchmark Company resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $190.
