United

Delta

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MANU stock price was following a bearish market trend since the beginning of this year.</a> </li> 
 <li> <span>2</span> <a>With not-so-positive quarterly earnings and revenue reports, MANU stock price seems like losing investors’ trust.</a> </li> 
</ul> 
<p>Manchester United’s (NYSE: MANU) stock price reflected increased bears’ activity which eventually dropped its share price. By showing a 12.59% price drop, MANU stock price stated its weak year-to-date (YTD) growth. However, more than 76% of price growth was seen in the Manchester United stock price in a year.</p> 
<p>Moreover, recently, during the first quarter result, Delta Investment Management LLC, a financial advisory firm, decreased its position in Manchester United’s shares by 21%. As per its most recent SEC filing, Delta Investment Management now owns over 23K shares of Manchester United after selling 6,200 shares during the period.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh4.googleusercontent.com/NwQAqOgy-m5rUC7jCC4d0AB0uMQMCmYXJzRowgGSqZyX5y1NtjXUcAUMj4Jf10e9vGRQuogUw5rFANsxwtILZ9ZcfHyccjCoqmixuWYHB1dRbYF4F4yDwnjOTXVU4luqa6dSklR6OdOH5Toap9yrFg" alt="Will Manchester United (MANU) Stock Price Take A Bullish Ride?" width="1172" height="289"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Out of 49 stocks listed in the movies or entertainment industry, Esports Entertainment Group Inc. (GMBL), MultiMetaVerse Holdings Limited (NASDAQ: MMV) noted over 95% and 86% of the price drop. Additionally, Cineverse Corp. (NASDAQ: CNVS) and FaZe Holdings Inc. (NASDAQ: FAZE) also showed more than 81% and 80% price drops in YTD price analysis, respectively.</p> 
<p>In 2022, the revenue of Manchester United reached $709.81 Million. Out of this, nearly $342.67 Million came from its highest-performing source at the moment, “commercial”. However, the U.K. made its greatest contribution to the revenue figure which last year brought Manchester United stock to $775.14 Million.</p> 
<h2 class="wp-block-heading" id="strong-manu-stock-price-analysis-strong"><strong>MANU Stock Price Analysis</strong></h2> 
<p>As MANU share price has shown a bearish market trend since the beginning of this year, its price is now showing quite positive price movements. At press time, in the pre-market session, MANU stock price showed an upside trend. With this bullish trend, a good week-start can be expected if this trend stays during the trading session. However, last week MANU stock price dropped over 7% with the increased market activity of bears.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/Zz-gXPppn0uw9GtzNHKTlaga6ARYyR1b3nsnXyTafoete6vEU7tUPl8KDnDp2dZggPi3K82YSbWQW4m0cXQFYaa_GypfhvdVge-gqMcf3Bcu2D2O3mqHjqgqeiEtb1mhPZeixGo4Eoo1StRRWyvH0Q" alt="Will Manchester United (MANU) Stock Price Take A Bullish Ride?"> 
  <figcaption class="wp-element-caption"> <strong>Source: MANU/USD by </strong><a href="https://www.tradingview.com/x/Krb3W6RG/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>Due to the recent upside trend, the RSI of Manchester United stock also started its upside ride. Notably, the last closing price of MANU<a href="https://www.thecoinrepublic.com/2023/07/12/hows-manchester-united-manu-stock-doing-after-q3-2023/" rel="noopener noreferrer nofollow"> stock</a> was slightly above its 200-day moving average whereas its pre-market price was nearing the 100-day moving average at press time.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh6.googleusercontent.com/NQW-tyXtexdrVMZB5sSZzMsNZNrsJH0nla7WyA5TE5aRq3m04P635hZJpUt-YINknQgwn3345JPBj2uMlDDooxZ8Gvcoxb2Jaf8voGCFGgf943unM6y_oMB3oFZo5rQ-a0vnFF5m-GzZ_LHrmCsWJw" alt="Will Manchester United (MANU) Stock Price Take A Bullish Ride?" width="1165" height="522"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of MANU Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>The one-year price target set by analysts is showing at $25.50, up by over 24% from the recent closing price of MANU <a href="https://www.thecoinrepublic.com/2023/08/03/kmi-stock-price-started-following-previous-trend-once-again/" rel="noopener noreferrer nofollow">stock</a>. The maximum price estimate set by analysts is $26.00 while the minimum estimate is $25.00. Moreover, in the last three months, analysts have given a “buy” rating to Manchester United.</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 ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Will Manchester United (MANU) Stock Price Take A Bullish Ride?

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