Manhattan Associates, Inc’s recent filing unveils that its Director Eger Edmond unloaded Company’s shares for reported $0.75 million on Nov 06 ’24. In the deal valued at $282.06 per share,2,675 shares were sold. As a result of this transaction, Eger Edmond now holds 10,864 shares worth roughly $3.16 million.
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Then, EDMOND I EGER III bought 2,675 shares, generating $754,504 in total proceeds.
Before that, Richards Bruce sold 2,473 shares. Manhattan Associates, Inc shares valued at $645,453 were divested by the SVP, CLO & Secretary at a price of $261.00 per share. As a result of the transaction, Richards Bruce now holds 27,763 shares, worth roughly $8.07 million.
Piper Sandler initiated its Manhattan Associates, Inc [MANH] rating to an Overweight in a research note published on November 25, 2024; the price target was $326. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Citigroup began covering MANH with “Neutral” recommendation on March 13, 2024. Rosenblatt revised its rating on April 11, 2023. It rated MANH as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MANH
On Monday, Manhattan Associates, Inc [NASDAQ:MANH] saw its stock jump 3.69% to $290.74. Over the last five days, the stock has gained 7.03%. Manhattan Associates, Inc shares have risen nearly 35.03% since the year began. Nevertheless, the stocks have risen 30.29% over the past one year. While a 52-week high of $307.50 was reached on 10/15/24, a 52-week low of $199.23 was recorded on 01/05/24. SMA at 50 days reached $281.33, while 200 days put it at $250.58.
Levels Of Support And Resistance For MANH Stock
The 24-hour chart illustrates a support level at 286.28, which if violated will result in even more drops to 281.82. On the upside, there is a resistance level at 294.27. A further resistance level may holdings at 297.81. The Relative Strength Index (RSI) on the 14-day chart is 61.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.69%. Stochastics %K at 59.86% indicates the stock is a holding.
How much short interest is there in Manhattan Associates, Inc?
A steep rise in short interest was recorded in Manhattan Associates, Inc stocks on 2024-10-31, growing by 0.31 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.09 million shares. There was a rise of 12.89%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 22, 2023 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $145 price target.
