In a filing, ManpowerGroup revealed 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 $3.98 million.
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.
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 Monday, ManpowerGroup [NYSE:MAN] saw its stock jump 3.23% to $56.28. Over the last five days, the stock has lost -2.48%. ManpowerGroup shares have fallen nearly -2.49% since the year began. Nevertheless, the stocks have fallen -26.34% over the past one year. While a 52-week high of $78.87 was reached on 01/02/25, a 52-week low of $53.70 was recorded on 01/10/25. SMA at 50 days reached $60.77, while 200 days put it at $69.42.
Levels Of Support And Resistance For MAN Stock
The 24-hour chart illustrates a support level at 54.57, which if violated will result in even more drops to 52.86. On the upside, there is a resistance level at 57.15. A further resistance level may holdings at 58.02. The Relative Strength Index (RSI) on the 14-day chart is 39.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.47%. Stochastics %K at 26.87% indicates the stock is a holding.
How much short interest is there in ManpowerGroup?
A steep rise in short interest was recorded in ManpowerGroup stocks on 2024-12-13, growing by 0.24 million shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.85 million shares. There was a rise of 11.56%, which implies that there is a positive 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.
