ManpowerGroup’s recent filing unveils that its EVP, CFO McGinnis John T acquired Company’s shares for reported $0.5 million on Oct 23 ’24. In the deal valued at $62.28 per share,8,000 shares were bought. As a result of this transaction, McGinnis John T now holds 70,639 shares worth roughly $4.44 million.
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Then, PAYNE ULICE JR sold 795 shares, generating $60,682 in total proceeds. Upon selling the shares at $76.33, the Director now owns 9,957 shares.
Before that, MONDANO DONALD O sold 1,600 shares. ManpowerGroup shares valued at $116,736 were divested by the SVP, Global Controller at a price of $72.96 per share. As a result of the transaction, MONDANO DONALD O now holds 1,840 shares, worth roughly $0.12 million.
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 Friday, ManpowerGroup [NYSE:MAN] saw its stock fall -1.12% to $62.91. Over the last five days, the stock has lost -3.59%. ManpowerGroup shares have fallen nearly -20.84% since the year began. Nevertheless, the stocks have fallen -8.07% over the past one year. While a 52-week high of $80.25 was reached on 01/02/24, a 52-week low of $61.53 was recorded on 10/22/24. SMA at 50 days reached $70.90, while 200 days put it at $72.81.
Levels Of Support And Resistance For MAN Stock
The 24-hour chart illustrates a support level at 62.43, which if violated will result in even more drops to 61.94. On the upside, there is a resistance level at 63.76. A further resistance level may holdings at 64.60. The Relative Strength Index (RSI) on the 14-day chart is 32.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.88%. Stochastics %K at 10.31% 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 2024-10-15, dropping by 23885.0 shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.05 million shares. There was a decline of -1.18%, 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.
