Manchester United Football Club, commonly referred to as Man United (often stylized as Man Utd, Man U or simply United), is a professional football club based in Old Trafford, Greater Manchester, England. The club competes in the Premier League, the top division in the English football league system. It is nicknamed the Red Devils. Manchester United was listed on NYSE in August 2012.
Since the price of $MANU reached $27.74 in August 2018, which currently stands as the all-time high, price has been falling and it eventually fell to an all-time low at $10.50 in July 2022. There was a sudden rise in the latter part of 2022 as price of MANU jumped. This jump made price reach $27 in February 2023 which is a 4-year high.
The family that controls Manchester United is reportedly leaning toward bringing in a minority investor, and not selling out the famous British soccer club. Investors hoping to cash in on a premium valuation were disappointed, after the shares of Man U went down as much as 10.63% on Monday, the 17th of April. Price has consolidated since the beginning of the year. This consolidation has made price fall to the current 2023 low at $19.07.
On the larger time frames, price is currently being controlled by the bulls. We might be seeing price rally in the coming weeks to $23 from the current price of $19.74.
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