Manhattan Associates (MANH) : $86.18 million worth of transactions were on upticks in Manhattan Associates (MANH), compared to $74.19 million on downticks. The ratio between the two was 1.16, whereas, the net money flow stood at a healthy $11.99 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $4.79million worth of trades. The total money flow into the stock stood at $4.79 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -2.29%. The stock was trading at $61.31, with a drop of $1.44 over the previous days close. The stock recorded -3.13% for the week.
Also, Equity analysts at the Brokerage firm William Blair downgrades its rating on Manhattan Associates (NASDAQ:MANH). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 28, 2016.
Manhattan Associates (NASDAQ:MANH): The stock opened at $66.25 on Wednesday but the bulls could not build on the opening and the stock topped out at $68.00 for the day. The stock traded down to $58.60 during the day, due to lack of any buying support eventually closed down at $61.31 with a loss of -2.29% for the day. The stock had closed at $62.75 on the previous day. The total traded volume was 4,425,254 shares.
The stock has recorded a 20-day Moving Average of 4.23% and the 50-Day Moving Average is 4.43%. In a related news, The director, of Manhattan Associates Inc, Cassidy Brian J had unloaded 17,792 shares at $67 per share in a transaction on June 7, 2016. The total value of transaction was $1,192,064. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and Omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. The Companys solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain, Omni-channel and inventory. Its solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers. It has operations in North America, Europe, and the Asia/Pacific region.