Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Manhattan Associates, Inc shares valued at $1,001,138 were purchased by Gantt James Stewart on Nov 26 ’24. At $288.10 per share, Gantt James Stewart acquired 3,475 shares.
Also, Richards Bruce sold 4,150 shares, netting a total of over 1,202,396 in proceeds. Following the sale of shares at $289.73 each, the insider now holds 22,086 shares.
Before that, Gantt James Stewart had sold 3,475 shares from its account. In a trade valued at $1,001,138, the EVP, Professional Services traded Manhattan Associates, Inc shares for $288.10 each. Upon closing the transaction, the insider’s holdings decreased to 3,475 shares, worth approximately $9.54 million.
As published in their initiating research note from Piper Sandler on November 25, 2024, Manhattan Associates, Inc [MANH] has been an Overweight and the price target has been revised to $326. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of March 13, 2024, Citigroup has initiated its “Neutral” rating for MANH. Earlier on April 11, 2023, Rosenblatt downgraded its rating. Their new recommendation was “a Neutral” for MANH stock which previously was a “a Buy”.
Analyzing MANH Stock Performance
During the last five days, there has been a drop of approximately -20.96%. Over the course of the year, Manhattan Associates, Inc shares have dropped approximately -17.54%. Shares of the company reached a 52-week high of $299.27 on 01/28/25 and a 52-week low of $218.30 on 01/29/25. A 50-day SMA is recorded $281.80, while a 200-day SMA reached $257.72. Nevertheless, trading volume fell to 3.26 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Manhattan Associates, Inc (MANH)
According to the 24-hour chart, there is a support level at 214.76, which, if violated, would cause prices to drop to 206.68. In the upper region, resistance lies at 234.46. The next price resistance is at 246.08. RSI (Relative Strength Index) is 25.74 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.71, which suggests the price will decrease in the coming days. Percent R is at 94.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
