ManpowerGroup (MAN) has been under a strong bear grip, hence the stock is down -0.5% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.14% in the past 1 week. The stock has risen by 1.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.11% in the past 4 weeks.
ManpowerGroup Inc. has dropped 9.27% during the last 3-month period . Year-to-Date the stock performance stands at -15.66%. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 2.12%.
ManpowerGroup (NYSE:MAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.69 and $69.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.32, notching a gain of 0.33% for the day. The total traded volume was 574,946 . The stock had closed at $70.09 on the previous day.
Also, Deutsche Bank initiates coverage on ManpowerGroup (NYSE:MAN).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on August 18, 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.