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 $6.97 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 $44.51 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 Monday, Manhattan Associates, Inc. [NASDAQ:MANH] saw its stock fall -3.08% to $230.49. Over the last five days, the stock has lost -4.79%. Manhattan Associates, Inc. shares have risen nearly 7.05% since the year began. Nevertheless, the stocks have risen 47.84% over the past one year. While a 52-week high of $266.94 was reached on 03/08/24, a 52-week low of $152.32 was recorded on 01/05/24. SMA at 50 days reached $248.22, while 200 days put it at $215.98. A total of 0.57 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For MANH Stock
The 24-hour chart illustrates a support level at 226.77, which if violated will result in even more drops to 223.05. On the upside, there is a resistance level at 237.51. A further resistance level may holdings at 244.53. The Relative Strength Index (RSI) on the 14-day chart is 28.44, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.14%. Stochastics %K at 10.26% indicates the stock is a buying.
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.
