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 $4.29 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 Tuesday, ManpowerGroup [NYSE:MAN] saw its stock jump 2.02% to $60.74. Over the last five days, the stock has gained 7.92%. ManpowerGroup shares have risen nearly 5.23% since the year began. Nevertheless, the stocks have fallen -20.17% over the past one year. While a 52-week high of $78.87 was reached on 01/21/25, a 52-week low of $53.70 was recorded on 01/10/25. SMA at 50 days reached $60.36, while 200 days put it at $69.01.
Levels Of Support And Resistance For MAN Stock
The 24-hour chart illustrates a support level at 60.33, which if violated will result in even more drops to 59.92. On the upside, there is a resistance level at 61.21. A further resistance level may holdings at 61.68. The Relative Strength Index (RSI) on the 14-day chart is 59.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.00%. Stochastics %K at 91.31% indicates the stock is a selling.
How much short interest is there in ManpowerGroup?
A steep rise in short interest was recorded in ManpowerGroup stocks on 2024-12-31, growing by 68614.0 shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.95 million shares. There was a rise of 3.4%, 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.
