In a filing, Manhattan Associates, Inc revealed 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 $7.41 million.
William Blair upgraded its Manhattan Associates, Inc [MANH] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. DA Davidson also remained covering MANH and has increased its forecast on April 25, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup started covering the stock on March 13, 2024. It rated MANH as “a Neutral”.
Price Performance Review of MANH
On Monday, Manhattan Associates, Inc [NASDAQ:MANH] saw its stock fall -2.14% to $173.09. Over the last five days, the stock has lost -2.18%. Manhattan Associates, Inc shares have fallen nearly -35.95% since the year began. Nevertheless, the stocks have fallen -31.86% over the past one year. While a 52-week high of $312.60 was reached on 01/28/25, a 52-week low of $169.94 was recorded on 02/11/25. SMA at 50 days reached $237.04, while 200 days put it at $254.37.
Levels Of Support And Resistance For MANH Stock
The 24-hour chart illustrates a support level at 171.22, which if violated will result in even more drops to 169.36. On the upside, there is a resistance level at 176.65. A further resistance level may holdings at 180.22. The Relative Strength Index (RSI) on the 14-day chart is 26.73, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.91%. Stochastics %K at 17.95% indicates the stock is a buying.
