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MANH - Why Shares of Manhattan Associates Jumped 11.4% in November
Manhattan Associates Inc.
Shares of Manhattan Associates(NASDAQ: MANH) grew a robust 11.4% in November, according to data from S&P Global Market Intelligence. Though there wasn't much news from the company during the month, the stock's movement was perhaps a delayed positive reaction to the company's Oct. 22 third-quarter earnings report.
In addition, Manhattan Associates likely benefited from generally rising market sentiment for technology stocks, which outpaced the broader market in November on greater optimism for a U.S.-China trade deal.