Manhattan Associates, Inc.’s recent filing unveils that its SVP, CLO & Secretary Richards Bruce unloaded Company’s shares for reported $0.65 million on Aug 28 ’24. In the deal valued at $261.00 per share,2,473 shares were sold. As a result of this transaction, Richards Bruce now holds 27,763 shares worth roughly $-8.46 million.
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Then, Richards Bruce sold 1,527 shares, generating $398,547 in total proceeds. Upon selling the shares at $261.00, the SVP, CLO & Secretary now owns 26,236 shares.
Before that, BRUCE S RICHARDS bought 1,527 shares. Manhattan Associates, Inc. shares valued at $398,547 were divested by the Officer at a price of $261.00 per share.
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 Monday, Manhattan Associates, Inc. [NASDAQ:MANH] saw its stock jump 1.72% to $304.64. Over the last five days, the stock has gained 8.54%. Manhattan Associates, Inc. shares have risen nearly 41.48% since the year began. Nevertheless, the stocks have risen 48.81% over the past one year. While a 52-week high of $299.67 was reached on 10/14/24, a 52-week low of $182.97 was recorded on 01/05/24. SMA at 50 days reached $266.82, while 200 days put it at $241.96.
Levels Of Support And Resistance For MANH Stock
The 24-hour chart illustrates a support level at 300.12, which if violated will result in even more drops to 295.59. On the upside, there is a resistance level at 307.39. A further resistance level may holdings at 310.13. The Relative Strength Index (RSI) on the 14-day chart is 76.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.05%. Stochastics %K at 98.32% indicates the stock is a selling.
How much short interest is there in Manhattan Associates, Inc.?
A steep rise in short interest was recorded in Manhattan Associates, Inc. stocks on 2024-09-30, dropping by 10885.0 shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.1 million shares. There was a decline of -0.52%, which implies that there is a negative sentiment for the stock.
