Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Manhattan Associates, Inc shares valued at $476,264 were purchased by STORY DENNIS B on Mar 06 ’25. At $170.83 per share, STORY DENNIS B acquired 2,788 shares.
Also, Gantt James Stewart purchased 3,475 shares, netting a total of over 1,001,138 in proceeds.
Before that, Richards Bruce had sold 4,150 shares from its account. In a trade valued at $1,202,396, the SVP, CLO & Secretary traded Manhattan Associates, Inc shares for $289.73 each. Upon closing the transaction, the insider’s holdings decreased to 4,150 shares, worth approximately $3.73 million.
As published in a research note from William Blair on February 13, 2025, Manhattan Associates, Inc [MANH] has been rated up from a Mkt perform to an Outperform. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of April 25, 2024, DA Davidson has increased its “Neutral” rating to a “Buy” for MANH. Earlier on March 13, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for MANH stock.
Analyzing MANH Stock Performance
During the last five days, there has been a drop of approximately -3.50%. Over the course of the year, Manhattan Associates, Inc shares have dropped approximately -37.44%. Shares of the company reached a 52-week high of $299.27 on 01/28/25 and a 52-week low of $167.79 on 03/06/25. A 50-day SMA is recorded $230.12, while a 200-day SMA reached $253.60.
Support And Resistance Levels for Manhattan Associates, Inc (MANH)
According to the 24-hour chart, there is a support level at 166.72, which, if violated, would cause prices to drop to 164.37. In the upper region, resistance lies at 172.48. The next price resistance is at 175.89. RSI (Relative Strength Index) is 26.08 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.50, which suggests the price will decrease in the coming days. Percent R is at 94.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
