Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ManpowerGroup shares valued at $498,240 were purchased by McGinnis John T on Oct 23 ’24. At $62.28 per share, McGinnis John T acquired 8,000 shares. The insider’s holdings grew to 70,639 shares worth approximately $4.5 million following the completion of this transaction.
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Also, PAYNE ULICE JR sold 795 shares, netting a total of over 60,682 in proceeds. Following the sale of shares at $76.33 each, the insider now holds 9,957 shares.
Before that, MONDANO DONALD O had sold 1,600 shares from its account. In a trade valued at $116,736, the SVP, Global Controller traded ManpowerGroup shares for $72.96 each. Upon closing the transaction, the insider’s holdings decreased to 1,600 shares, worth approximately $0.12 million.
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 surge of approximately 2.22%. Over the course of the year, ManpowerGroup shares have dropped approximately -19.89%. Shares of the company reached a 52-week high of $80.03 on 01/02/24 and a 52-week low of $61.53 on 10/22/24. A 50-day SMA is recorded $70.46, while a 200-day SMA reached $72.62. Nevertheless, trading volume fell to 0.72 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for ManpowerGroup (MAN)
According to the 24-hour chart, there is a support level at 62.97, which, if violated, would cause prices to drop to 62.29. In the upper region, resistance lies at 64.30. The next price resistance is at 64.95. RSI (Relative Strength Index) is 36.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.67, which suggests the price will decrease in the coming days. Percent R is at 84.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
