Manchester United (MANU.US) is a renowned English professional football club, listed on the New York Stock Exchange, with a market capitalization of $3.59 billion as of July 28, 2023. The club's rich history can be traced back to 1878 when it was founded as Newton Heath LYR Football Club.
In 1902, the club was renamed Manchester United, and it has since become one of the most successful and iconic football clubs in the world. With an illustrious legacy, it has won numerous domestic and international titles, including multiple English Premier League championships and UEFA Champions League titles. The club's distinctive red jersey and passionate fan base have solidified its global reputation. The club went public in 2012, allowing fans and investors to have ownership in one of football's most storied clubs.
Manchester United's share price has had its ups and downs in the past five years. The highest stock price reached was $27.70 in August 2018, while the lowest was $10.41 in July 2022. In June 2018, the stock price surged to its then-highest point in reaction to rumours of a possible takeover bid. The share price rose by 10% in one day, and this news led to a surge in trading volumes as investors tried to capitalise on potential gains. However, no official takeover bid was made, and the stock price gradually declined over the next few months.
Traders may use various tools and indicators to analyse the Manchester United stock price. One popular tool is moving averages, which may help to identify trend direction and support/resistance levels. For example, if the 50-day moving average crosses above the 200-day moving average, this is known as a "golden cross" and could signal a bullish trend.
Manchester United (MANU.US) is one of the most popular stocks in the market and it is not surprising that traders and investors alike are interested in trading this stock. However, before you start trading its stock, it is essential to know who they are competing against in the market:
- FC Barcelona (BARUSD) is a prestigious Spanish professional football club based in Barcelona. It is one of the most successful football clubs globally, having won numerous domestic and international titles, including multiple La Liga and UEFA Champions League trophies.
- Atletico Madrid (ATMUSD) is another prominent Spanish football club based in Madrid. Founded in 1903, it has also enjoyed significant success, winning several La Liga titles and domestic cups. Atletico Madrid is renowned for its defensive prowess and intense, hardworking style of play.
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