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Recent Insider Activity Suggests Potential Gains for ManpowerGroup (MAN)

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ManpowerGroup’s recently made public that its Director PAYNE ULICE JR unloaded Company’s shares for reported $60682.0 on May 20 ’24. In the deal valued at $76.33 per share,795 shares were sold. As a result of this transaction, PAYNE ULICE JR now holds 9,957 shares worth roughly $0.74 million.

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Then, MONDANO DONALD O sold 1,600 shares, generating $116,736 in total proceeds. Upon selling the shares at $72.96, the SVP, Global Controller now owns 1,840 shares.

Exane BNP Paribas upgraded its ManpowerGroup [MAN] rating to an Outperform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early January with a ‘”a Mkt perform”‘ rating. Exane BNP Paribas also remained covering MAN and has decreased its forecast on January 05, 2024 with a “an Underperform” recommendation from previously “an Outperform” rating. Redburn started covering the stock on June 20, 2023. It rated MAN as “a Buy”.

Price Performance Review of MAN

On Tuesday, ManpowerGroup [NYSE:MAN] saw its stock jump 0.07% to $73.87. Over the last five days, the stock has gained 1.05%. ManpowerGroup shares have fallen nearly -7.05% since the year began. Nevertheless, the stocks have risen 0.70% over the past one year. While a 52-week high of $80.25 was reached on 01/02/24, a 52-week low of $66.03 was recorded on 07/09/24. SMA at 50 days reached $72.29, while 200 days put it at $73.79.

Levels Of Support And Resistance For MAN Stock

The 24-hour chart illustrates a support level at 73.61, which if violated will result in even more drops to 73.34. On the upside, there is a resistance level at 74.32. A further resistance level may holdings at 74.76. The Relative Strength Index (RSI) on the 14-day chart is 56.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.88%. Stochastics %K at 75.14% indicates the stock is a holding.

How much short interest is there in ManpowerGroup?

A steep rise in short interest was recorded in ManpowerGroup stocks on 2024-08-30, growing by 27560.0 shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.08 million shares. There was a rise of 1.31%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 01, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $77 price target.

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