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MAN (ManpowerGroup) may reap gains as insiders became active recently

ManpowerGroup’s filing revealed that its SVP, Global Controller MONDANO DONALD O unloaded Company’s shares for reported $0.12 million on Nov 07 ’23. In the deal valued at $72.96 per share,1,600 shares were sold. As a result of this transaction, MONDANO DONALD O now holds 1,840 shares worth roughly $0.14 million.

Then, PAYNE ULICE JR sold 1,100 shares, generating $85,030 in total proceeds. Upon selling the shares at $77.30, the Director now owns 8,620 shares.

Before that, MONDANO DONALD O sold 2,000 shares. ManpowerGroup shares valued at $162,800 were divested by the SVP, Global Controller at a price of $81.40 per share. As a result of the transaction, MONDANO DONALD O now holds 3,440 shares, worth roughly $0.26 million.

William Blair initiated its ManpowerGroup [MAN] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “an Underperform”. Redburn began covering MAN with “Buy” recommendation on June 20, 2023. UBS started covering the stock on June 01, 2023. It rated MAN as “a Neutral”.

Price Performance Review of MAN

On Tuesday, ManpowerGroup [NYSE:MAN] saw its stock fall -0.93% to $75.45. Over the last five days, the stock has lost -1.30%. ManpowerGroup shares have fallen nearly -5.06% since the year began. Nevertheless, the stocks have fallen -0.34% over the past one year. While a 52-week high of $88.91 was reached on 01/02/24, a 52-week low of $67.35 was recorded on 04/16/24. SMA at 50 days reached $73.87, while 200 days put it at $75.14. A total of 0.3 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For MAN Stock

The 24-hour chart illustrates a support level at 75.11, which if violated will result in even more drops to 74.77. On the upside, there is a resistance level at 76.01. A further resistance level may holdings at 76.57. The Relative Strength Index (RSI) on the 14-day chart is 54.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.45%. Stochastics %K at 83.25% indicates the stock is a selling.

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