Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ManpowerGroup shares valued at $60,682 were sold by PAYNE ULICE JR on May 20 ’24. At $76.33 per share, PAYNE ULICE JR sold 795 shares. The insider’s holdings dropped to 9,957 shares worth approximately $0.71 million following the completion of this transaction.
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Also, MONDANO DONALD O sold 1,600 shares, netting a total of over 116,736 in proceeds. Following the sale of shares at $72.96 each, the insider now holds 1,840 shares.
As published in a research note from Exane BNP Paribas on June 11, 2024, ManpowerGroup [MAN] has been rated up from an Underperform to an Outperform and the price target has been revised to $92. Analysts at William Blair started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in early January. As of January 05, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “an Underperform” for MAN. Earlier on June 20, 2023, Redburn initiated its rating. Their recommendation was “a Buy” for MAN stock.
Analyzing MAN Stock Performance
During the last five days, there has been a drop of approximately -0.93%. Over the course of the year, ManpowerGroup shares have dropped approximately -10.15%. Shares of the company reached a 52-week high of $80.03 on 01/02/24 and a 52-week low of $66.03 on 07/09/24. A 50-day SMA is recorded $72.28, while a 200-day SMA reached $73.67. Nevertheless, trading volume fell to 0.53 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for ManpowerGroup (MAN)
According to the 24-hour chart, there is a support level at 70.80, which, if violated, would cause prices to drop to 70.19. In the upper region, resistance lies at 72.30. The next price resistance is at 73.19. RSI (Relative Strength Index) is 45.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 88.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
