ManpowerGroup (MAN) has been under a strong bear grip, hence the stock is down -0.88% 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 3.51% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.14% in the last 1 week, and is up 5.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
ManpowerGroup (NYSE:MAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.55 and $69.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.40, notching a gain of 0.19% for the day. The total traded volume was 1,299,527 . The stock had closed at $70.27 on the previous day.
The stock has recorded a 20-day Moving Average of 7.84% and the 50-Day Moving Average is 2.81%. ManpowerGroup Inc. has dropped 12.21% during the last 3-month period . Year-to-Date the stock performance stands at -15.56%.
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.