Manhattan Associates ( (MANH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Manhattan Associates experienced a decline in its stock price despite reporting record third-quarter results with a significant 21% growth in cloud revenue, driven by strong demand. The downward movement was influenced by Morgan Stanley’s decision to lower the price target due to broader market conditions. However, the company remains positive about its future, focusing on strategic investments to enhance its offerings.
More about Manhattan Associates
YTD Price Performance: -25.60%
Average Trading Volume: 542,560
Technical Sentiment Signal: Hold
Current Market Cap: $12.09B
For further insights into MANH stock on TipRanks’ Stock Analysis page.
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