Manchester United plc (NYSE:MANU) shares have been recorded gapping down -5.60% between sessions as the stock currently sits at $15.34 before the bell.
Investors may be looking at all the different factors that come into play when searching for those next stocks to add to the portfolio. Maybe there are some names that have been on the radar, but the timing hasn’t been right to add them into the mix. As we get closer to the end of the year, investors may be looking back at individual stock performance over the past year. They may discover some great opportunities that weren’t available during the last review. Investors may also be keeping an eye on which sectors were the big winners during the latest earnings season. Branching out into new areas may help give the investor some alternative ideas for the next few quarters.
A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. Gaps are created by numerous factors. Poor earnings, bad news, organizational changes and/or market influences can cause a stock’s price to decrease suddenly.
Manchester United plc (NYSE:MANU)’s performance this year to date is -18.46%. The stock has performed 7.62% over the last seven days, -8.30% over the last thirty, and 16.24% over the last three months. Over the last six months, Manchester United plc’s stock has been -20.15% and -11.01% for the year.
SIMPLE MOVING AVERAGE
The simple moving average is the most common method used to calculate the moving average of prices. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Manchester United plc’s 20-Day Simple Moving Average is -4.72%. Extending back, their 50-Day Simple Moving Average is -5.62%, looking even further back, their 200-Day Simple Moving Average stands at -9.88%.
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