Manhattan Associates Stock Sinks on Profit Warning
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Manhattan Associates (MANH) shares dropped over 20% following a profit warning due to a challenging macro environment.
January 29, 2025 | 3:15 pm
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Manhattan Associates' stock fell more than 20% after the company issued a profit warning, citing a turbulent macro environment.
The significant drop in Manhattan Associates' stock price is directly linked to the company's unexpected profit warning. The mention of a 'turbulent macro environment' suggests external economic factors are impacting the company's financial performance, leading to investor concern and a sell-off.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100