United

Bank AI

James

Virtu

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Manchester United PLC (NYSE: MANU) stock is getting a lot of fame due to the interest of leading financial firms in it.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The price targets for the MANU stock has seen a significant increase.&nbsp;</a> </li> 
</ul> 
<p>The company behind the management of Manchester United brand apparel marketing and sales, Manchester United PLC (NYSE: MANU) is gaining popularity among financial services companies. Some of the prominent financial firms reported purchasing MANU shares anticipating an increase in the stakes in the company.&nbsp;</p> 
<p>Assenagon Asset Management S.A., the Luxembourg-based institutional investment firm, reportedly bought 258,217 shares in Manchester United. The purchase cost the company about $5.72 Million.&nbsp;</p> 
<p>New York-based Virtu Financial LLC acquired a new stake in the UK soccer club company. Given the filing with the Securities and Exchange Commission (SEC), it was found that the company bought over 35K shares worth $780K.&nbsp;</p> 
<p>The SEC filing of another capital market firm Raymond James &amp; Associates revealed that the fund bought over 30K shares in Manchester for about $671K. The institutional buyers of<a href="https://www.thecoinrepublic.com/2023/06/14/manu-stock-rose-13-76-intraday-ready-to-welcome-new-owner/" target="_blank" rel="noopener noreferrer nofollow"> MANU shares </a>indicate the growing interest in the soccer club company.&nbsp;</p> 
<p>Manchester United stock has seen an increase in price targets from prominent institutions. Deutsche Bank AG raised the target for MANU stock price from $24 to $25. Jefferies followed a similar trend by increasing the target price from $25 to $26.&nbsp;</p> 
<h1 class="wp-block-heading" id="strong-manchester-united-nyse-manu-stock-price-movement-strong"><strong>Manchester United (NYSE: MANU) Stock Price Movement</strong></h1> 
<p>Currently, Manchester share price is trading at $22.46 after gaining 2.96% during the intraday session on Monday. The MANU stock price is hardly showing any trend or pattern where it consistently went through spikes and rejections. Yet in a broader timeframe, MANU stock price could be seen consolidating.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-1024x434.png" alt="Institutions Filling in Manchester United Shares; MANU Stock Tepid" class="wp-image-154229" width="1166" height="494" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/image-180.png 1600w" sizes="(max-width: 1166px) 100vw, 1166px"> 
  <figcaption class="wp-element-caption">
    Source – Manchester United (NYSE: MANU) Stock Price Movement on TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At present, the stock price is below the 50-day EMA but above the 200-day EMA. In late June 2023, MANU stock price jumped by creating a gap up from $20 and attained $26 in the following days, though it could not continue the momentum. The gap zone, between $17 to $20, acts as a support zone for the <a href="https://www.thecoinrepublic.com/2023/07/24/united-rentals-inc-stock-analysis-will-uri-break-500/" rel="noopener noreferrer nofollow">stock</a> price.</p> 
<p>MACD took a downside curve following a negative crossover indicating a bearish sentiment in the trend with MANU stock. RSI is at 47 suggesting a slight bearishness in the stock price.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Institutions Filling in Manchester United Shares; MANU Stock Tepid

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