Large Outflow of Money Witnessed in ManpowerGroup

ManpowerGroup (MAN) managed to stay afloat and traded higher with an addition of 1.2 point or 1.26% at $96.66. The money flow data is a negative $(-1.31) million with $11.54 million in upticks and $12.85 million in downticks. The intraday up/down ratio came in at 0.9. The shares has seen 3.18% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $4.11 million and the combined worth of the downticks was $2.88, Million, leading to the up/down ratio of 1.42. The block trade saw a net money flow of $(1.22) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of ManpowerGroup Inc. rose by 1.97% in the last five trading days and 9.53% for the last 4 weeks. ManpowerGroup Inc. is up 28.01% in the last 3-month period. Year-to-Date the stock performance stands at 9.53%. ManpowerGroup (NYSE:MAN) rose 1.97% or 1.88 points on Wednesday and made its way into the gainers of the day. After trading began at $96.64 the stock was seen hitting $98.02 as a peak level and $96.25 as the lowest level. The stock ended up at $97.34. The daily volume was measured at 1,135,061 shares. The 52-week high of the share price is $98.02 and the 52-week low is $57.26. The company has a market cap of $6,527 million.

Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Ulice Jr Payne (director) sold 1,800 shares at 84.30 per share price.On Nov 14, 2016, Richard Buchband (SVP, General Counsel) sold 1,435 shares at 83.13 per share price.On Nov 10, 2016, Mara E Swan (EVP) sold 2,069 shares at 80.09 per share price.

ManpowerGroup Last issued its quarterly earnings results on Jan 31, 2017. The company reported $1.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.16. Analyst had a consensus of $1.71. The company had revenue of $4956.10 million for the quarter, compared to analysts expectations of $4987.29 million. During the same quarter in the previous year, the company posted $1.66 EPS.

Manpower Inc. is a leading non-governmental employment services organization. The companys largest operations, based on revenues, are located in the United States, France and the United Kingdom. The company provides a variety of staffing and workforce management services and solutions, including temporary staffing services, contract services and training and testing of temporary and permanent workers. The company provides employment services to a wide variety of customers.


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