Shares of ManpowerGroup (MAN) Sees Large Outflow of Money

ManpowerGroup (MAN) : Net money flow in ManpowerGroup (MAN) was negative ($5.56 million) and the inflow of money on uptick was $11.52 million, whereas, the outflow of money on downticks amounted to $17.09 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.67. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $5.45 million. The money flow in block trades was negative ($5.45). ManpowerGroup (MAN) gained $1.05 cent during the day and reached $67.28, a gain of 1.59% over the previous day.


The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 8.34%. Shares have dropped -31.98% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $96.87 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $72.60 and the 200 Day Moving Average price is recorded at $76.66.

ManpowerGroup (NYSE:MAN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.23 and $67.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.28, notching a gain of 1.59% for the day. The total traded volume was 922,996 . The stock had closed at $66.23 on the previous day.

In an insider trading activity, The officer (EVP), of Manpowergroup Inc., Chandrashekar Sriram had unloaded 3,045 shares at $81.25 per share in a transaction on April 26, 2016. The total value of transaction was $247,406. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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