Why Did ManpowerGroup Stock Plunge 10.12%?

On April 17, 2025, ManpowerGroup's stock experienced a significant drop of 10.12% in pre-market trading, reflecting a notable decline in investor sentiment.

Recent insider trading and hedge fund activities have been closely monitored by analysts, with two analysts providing price targets for ManpowerGroup over the past six months. The median target price stands at $72.5, indicating a mixed outlook among market participants.

Geode Capital Management LLC recently sold 8,929 shares of ManpowerGroup, while AllianceBernstein L.P. purchased 5,432 shares. These transactions suggest varying levels of confidence in the company's future performance among institutional investors.

Truist Financial has restated a "hold" rating on ManpowerGroup, lowering its price objective from $74.00 to $70.00. This adjustment reflects a more cautious stance on the stock, potentially influenced by recent market dynamics and company-specific factors.