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Analyzing ManpowerGroup (MAN) After Recent Trading Activity

In a filing, ManpowerGroup revealed 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 $0.63 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 0.40% to $62.84. Over the last five days, the stock has lost -12.72%. ManpowerGroup shares have fallen nearly -20.93% since the year began. Nevertheless, the stocks have fallen -10.28% over the past one year. While a 52-week high of $80.25 was reached on 01/02/24, a 52-week low of $62.12 was recorded on 10/22/24. SMA at 50 days reached $71.36, while 200 days put it at $73.02.

Levels Of Support And Resistance For MAN Stock

The 24-hour chart illustrates a support level at 61.89, which if violated will result in even more drops to 60.94. On the upside, there is a resistance level at 63.43. A further resistance level may holdings at 64.02. The Relative Strength Index (RSI) on the 14-day chart is 30.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.40%. Stochastics %K at 7.17% indicates the stock is a buying.

How much short interest is there in ManpowerGroup?

A steep rise in short interest was recorded in ManpowerGroup stocks on 2024-09-30, dropping by -0.13 million shares to a total of 1.97 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 -6.7%, which implies that there is a negative 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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