ManpowerGroup (MAN) Shares are Up 0.2%

ManpowerGroup (MAN) : Traders are bullish on ManpowerGroup (MAN) as it has outperformed the S&P 500 by a wide margin of 1.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.2% in the last 1 week, and is up 2.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 0.42%. ManpowerGroup (NYSE:MAN): On Fridays trading session , Opening price of the stock was $69.84 with an intraday high of $69.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $69.18. However, the stock managed to close at $69.55, a loss of 0.90% for the day. On the previous day, the stock had closed at $70.18. The total traded volume of the day was 541,295 shares.


The company Insiders own 1.6% of ManpowerGroup shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -50.38% . Institutional Investors own 96.86% of ManpowerGroup shares. During last six month period, the net percent change held by insiders has seen a change of -47.02%. Also, Major Brokerage house, Barclays downgrades its ratings on ManpowerGroup (NYSE:MAN). In the latest research report, Barclays lowers the target price from $85 per share to $65 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 1, 2016.

ManpowerGroup Inc. is a Germany-based provider of workforce solutions and services. Its services include recruitment and assessment, career management, outsourcing, workforce consulting, and training and development, including training courses and leadership development solutions. The Company provides clients with outsourcing services related to human resources functions primarily in the areas of recruiting and workforce-intensive initiatives. It operates through various brands, including Manpower, Experis, Right Management, and ManpowerGroup Solutions, and is divided into five segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), and Right Management. The Right Management segment focuses on outplacement services, career management consulting, leadership development and cooperates with students and universities.

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