Improved Offer Places Spotlight on Manchester United Stock

MANU is down roughly 17% since the start of the year

Deputy Editor
May 17, 2023 at 11:10 AM
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Manchester United PLC (NYSE:MANU) is in focus today, after the New York Times reported that Qatar's Sheikh Jassim bin Hamad al-Thani made an improved final offer to buy the football club. The offer is now nearing 5 billion pounds (or $6.31 billion). 

Manchester United stock is up 1.5% to trade at $19.25 at last glance. The shares have been seeing pressure from their 20-day moving average for a little over a month, with the equity currently down 17.1% year-to-date. 

The two analysts in coverage are split on MANU, with one carrying a "strong buy" and one a tepid "hold." It's worth noting that short interest represents 6.3% of the stock's available float. 

Now could be a good time to weigh in on the security with options. According to the stock's Schaeffer's Volatility Scorecard (SVS) reading of 89 out of 100, it tends to outperform volatility expectations. 

 

 

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