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Manhattan Associates, Inc. [MANH] Insider Activity: An Update for Investors

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 $6.55 million.

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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 $41.83 million.

DA Davidson upgraded its Manhattan Associates, Inc. [MANH] rating to a Buy from a a Neutral in a research note published on April 25, 2024; the price target was increased to $240 from $220. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Rosenblatt also remained covering MANH and has decreased its forecast on April 11, 2023 with a “Neutral” recommendation from previously “Buy” rating. DA Davidson started covering the stock on February 22, 2023. It rated MANH as “a Neutral”.

Price Performance Review of MANH

On Tuesday, Manhattan Associates, Inc. [NASDAQ:MANH] saw its stock jump 1.41% to $216.64. Manhattan Associates, Inc. shares have risen nearly 0.61% since the year began. Nevertheless, the stocks have risen 25.36% over the past one year. While a 52-week high of $266.94 was reached on 03/08/24, a 52-week low of $170.63 was recorded on 01/05/24. SMA at 50 days reached $234.79, while 200 days put it at $218.10. A total of 0.32 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For MANH Stock

The 24-hour chart illustrates a support level at 214.27, which if violated will result in even more drops to 211.89. On the upside, there is a resistance level at 218.06. A further resistance level may holdings at 219.47. The Relative Strength Index (RSI) on the 14-day chart is 43.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.32%. Stochastics %K at 59.95% indicates the stock is a holding.

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