Is Manhattan Associates Set for a Recovery After Its 30% Share Price Decline in 2024?
If you own or are weighing whether to invest in Manhattan Associates, you have likely noticed the rollercoaster the stock has been on lately. While just three years ago shares were up over 50%, the last twelve months have been rough with a 30.5% slide, bringing the year-to-date drop to 26%. Even shorter horizons show a dip, with a 2.9% fall in just the past week and a 7.6% decline over the last month. Despite this pullback, it is worth remembering that Manhattan Associates’ five-year return is still an impressive 91.2%, which is not a trivial showing.
What is behind these moves? Industry-wide shifts in supply chain technology and changing perceptions of risk have prompted investors to recalibrate, even though the company’s…
