Manning & Napier, Inc. (MN) saw a big move last session, as the company’s shares fell by over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MN, as the stock is now down nearly 21% in the past one-month time frame.
The financial investment management company has seen a flat track record when it comes to consensus for earnings. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
MN currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the financial investment management sector is Affiliated Managers Group Inc. (AMG), which currently carries a Zacks Rank #1 (Strong Buy).
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