Manhattan Associates, Inc’s recently made public that its Officer Gantt James Stewart acquired Company’s shares for reported $1.0 million on Nov 26 ’24. In the deal valued at $288.10 per share,3,475 shares were bought.
Then, Richards Bruce sold 4,150 shares, generating $1,202,396 in total proceeds. Upon selling the shares at $289.73, the SVP, CLO & Secretary now owns 22,086 shares.
Before that, Gantt James Stewart sold 3,475 shares. Manhattan Associates, Inc shares valued at $1,001,138 were divested by the EVP, Professional Services at a price of $288.10 per share. As a result of the transaction, Gantt James Stewart now holds 42,812 shares, worth roughly $8.41 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 Tuesday, Manhattan Associates, Inc [NASDAQ:MANH] saw its stock fall -1.88% to $196.51. Over the last five days, the stock has lost -33.41%. Manhattan Associates, Inc shares have fallen nearly -27.28% since the year began. Nevertheless, the stocks have fallen -21.10% over the past one year. While a 52-week high of $312.60 was reached on 01/28/25, a 52-week low of $199.35 was recorded on 02/04/25. SMA at 50 days reached $276.30, while 200 days put it at $257.18.
Levels Of Support And Resistance For MANH Stock
The 24-hour chart illustrates a support level at 194.43, which if violated will result in even more drops to 192.36. On the upside, there is a resistance level at 200.19. A further resistance level may holdings at 203.88. The Relative Strength Index (RSI) on the 14-day chart is 20.41, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -54.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.54%. Stochastics %K at 1.14% indicates the stock is a buying.
How much short interest is there in Manhattan Associates, Inc?
A steep rise in short interest was recorded in Manhattan Associates, Inc stocks on 2025-01-15, dropping by 80138.0 shares to a total of 1.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.81 million shares. There was a decline of -4.62%, which implies that there is a negative 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.
