Several national newspapers had stories on their websites on Monday afternoon that Moyes was to be axed in the wake of Sunday's listless 2-0 defeat at his former club, Everton.
Betting markets suggested the stories had some truth to them with bookiers going into 1/4 (from 9/4) that Moyes leaves the club before the end of May following a surge in support.
The market was finally pulled shortly before 1500 BST.
Moyes, appointed on a six-year contract only last summer, took over a team crowned champions last summer.
However, a miesrable campaign has seen them fail to qualify for the Champions League for the first time in almost 20 years and the Red Devils currently sit seventh in the Premier League table.
Moyes, who spent 11 years at Everton before moved to Old Trafford, always knew he had a tough act to follow with his predecessor Sir Alex Ferguson regarded as the most successful British manager of all time.
But few could have predicted the season would go as badly as it has with United having lost 11 of their 34 league games so far. The run means are are struggling to even qualify for the Europa League.
Moyes has spent more than £60million on recruiting Juan Mata and Marouane Fellaini in the last two transfer windows and there have been suggestions that the club is prepared to throw another £200million at improving the squad this summer.
It now appears unlikely that Moyes will be the man spending the cash.
Dutchman Louis van Gaal is currently Sky Bet's favourite to become the next permanent United manager, although Ryan Giggs was quickly well supported with some reports suggesting he will be asked to take the reins from Moyes, at least in a temporary basis.
Premier League
1 Liverpool 80
2 Chelsea 75
3 Man City 71
4 Arsenal 70
5 Everton 69
6 Tottenham 63
7 Man Utd 57
8 Southampton 49
9 Newcastle 46
10 Stoke City 44
11 C Palace 43
12 West Ham 37
13 Swansea 36
14 Hull City 36
15 A Villa 35
16 West Brom 33
17 Norwich 32
18 Cardiff 30
19 Fulham 30
20 Sunderland 29
NEWCASTLE UNITED 2013/14
PREMIER LEAGUE
NEWCASTLE 1 SWANSEA 2 (Shola Ameobi)
Krul, Anita, Williamson, Coloccini, Dummett, Gosling (81' Armstrong), Tiote, Cisse (21' Debuchy), de Jong (40' Remy), Gouffran, Shola Ameobi
Subs: Yanga-Mbiwa, Haidara, Elliot, S Taylor
STOKE 1 NEWCASTLE 0
Krul, S Taylor (61' Yanga-Mbiwa), Williamson, Coloccini, Anita, Gosling (73' Gouffran), Tiote, Dummett, Cisse (74' Armstrong), Shola Ameobi
Subs: de Jong, Haidara, Bigirimana, Elliot
NEWCASTLE 0 MAN UTD 4
Elliot, Santon, Williamson, Coloccini, Haidara, Tiote, Gosling, Anita, de Jong (61' Ben Arfa), Gouffran (85' Shola Ameobi), Cisse
Subs: Yanga-Mbiwa, S Taylor, Dummett, Alnwick, Armstrong
SOUTHAMPTON 4 NEWCASTLE 0
Elliot, Yanga-Mbiwa (45' Santon), Williamson, Coloccini, Haidara, Anita, Tiote, Ben Arfa (45' de Jong), Sissoko (78' Dummett), Gouffran, Cisse
Subs: Gosling, Shola Ameobi, S Taylor, Alnwick
NEWCASTLE 0 EVERTON 3
Krul, Yanga-Mbiwa (75' Marveaux), Williamson, Coloccini, Dummett, Sissoko, Anita, Tiote, Gouffran (90+1' Shola Ameobi), de Jong (58' Ben Arfa), Cisse
Subs: Gosling, Haidara, Elliot, S Taylor
NEWCASTLE 1 CRYSTAL PALACE 0 (Cisse)
Krul, Yanga-Mbiwa, Williamson, Coloccini, Dummett, Sissoko (88' Marveaux), Tiote, Anita, Gouffran (76' Shola Ameobi), de Jong (59' Ben Arfa), Cisse.
Subs: Gosling, Haidara, Elliot, S Taylor.
FULHAM 1 NEWCASTLE 0
Krul, Yanga-Mbiwa, Williamson, Coloccini, Dummett, Sissoko, Tiote, Anita (81' Marveaux), Gouffran, de Jong (86' Armstrong), Cisse (71' Shola Ameobi).
Subs: Gosling, Haidara, S Taylor, Alnwick
HULL CITY 1 NEWCASTLE 4
Krul, Debuchy, Williamson, Yanga-Mbiwa, Dummett, Sissoko, Tiote, Anita, Gouffran, de Jong (90' Gosling), Remy
Subs: Cisse, Haidara, Marveaux, Shola Ameobi, S Taylor, Alnwick
NEWCASTLE 1 ASTON VILLA 0 (Remy)
Krul, Debuchy, Williamson, Coloccini, Dummett, Sissoko, Cheick Tiote (89' Gosling), Anita, Gouffran, Remy, Cisse (72' de Jong).
Subs: Yanga-Mbiwa, Haidara, Elliot, Shola Ameobi, S Taylor
NEWCASTLE 0 SPURS 4
Krul, Debuchy, Williamson, S Taylor, Santon (45' Dummett), Anita, Sissoko, Gouffran, de Jong (63' Ben Arfa), Sammy Ameobi (71' Marveaux), Cisse
Subs: Yanga-Mbiwa, Gosling, Elliot, Shola Ameobi
CHELSEA 3 NEWCASTLE 0
Krul, Debuchy (40' Yanga-Mbiwa), Williamson, S Taylor, Dummett, Anita (84' Marveaux), Santon, Ben Arfa (64' Gosling), Sissoko, Sammy Ameobi, de Jong.
Subs: Haidara, Elliot, Shola Ameobi, Armstrong
NEWCASTLE 0 SUNDERLAND 3
Krul, Debuchy, Williamson, S Taylor, Santon (64' Dummett), Anita (74' Marveaux), Tiote, Sissoko, Ben Arfa, Sammy Ameobi (45' de Jong), Shola Ameobi.
Subs: Yanga-Mbiwa, Haidara, Elliot, Armstrong
NORWICH 0 NEWCASTLE 0
Krul, Debuchy, Williamson, S Taylor, Santon, Anita, Tiote, Ben Arfa (75' Shola Ameobi), Sissoko, Sammy Ameobi (87' Haidara), Remy
Subs: Yanga-Mbiwa, Gosling, Elliot, Dummett, Armstrong
WEST HAM 1 NEWCASTLE 3 (Cabaye 2, Remy)
Krul, Yanga-Mbiwa, Williamson, S Taylor, Santon (74' Dummett), Tiote, Anita (60' Shola Ameobi), Sissoko, Cabaye, Gouffran, Remy (78' Ben Arfa)
Subs: Cisse, Haidara, Elliot, Obertan
NEWCASTLE 0 MAN CITY 2
Krul, Yanga-Mbiwa (82' Ben Arfa), Williamson, S Taylor, Santon, Anita (73' Cisse), Tiote, Sissoko, Cabaye, Gouffran (82' Haidara), Remy
Subs: Gosling, Elliot, Marveaux, Sammy Ameobi
WEST BROM 1 NEWCASTLE 0
Krul, Debuchy, Williamson, Coloccini (65' Yanga-Mbiwa), Santon, Cabaye, Tiote, Gouffran (45' Ben Arfa), Sissoko, Remy, Shola Ameobi (76' Haidara).
Subs: Anita, Cisse, Elliot, S Taylor
NEWCASTLE 0 ARSENAL 1
Krul, Debuchy, Williamson, Coloccini, Santon, Anita (74' Shola Ameobi), Tiote, Sissoko (79' Haidara), Cabaye, Gouffran (62' Ben Arfa), Remy
Subs: Cisse, Yanga-Mbiwa, Elliot, Sammy Ameobi
NEWCASTLE 5 STOKE CITY 1 (Remy 2, Gouffran, Cabaye, Cisse pen)
Krul, Debuchy, Williamson, Coloccini, Santon (61' Haidara), Anita (45' Shola Ameobi), Sissoko, Ben Arfa, Cabaye, Gouffran (72' Cisse), Remy
Subs: Yanga-Mbiwa, Elliot, Obertan, S Taylor
CRYSTAL PALACE 0 NEWCASTLE 3 (Cabaye, Gabbidon og, Ben Arfa pen)
Krul, Debuchy, Williamson, Coloccini, Santon, Anita, Tiote, Sissoko, Cabaye (79' Ben Arfa), Gouffran, Remy (75' Shola Ameobi).
Subs: Cisse, Yanga-Mbiwa, Haidara, Elliot, Obertan
NEWCASTLE 1 SOUTHAMPTON 1 (Gouffran)
Krul, Debuchy, Williamson, Coloccini, Santon (78' Haidara), Sissoko, Anita, Tiote, Gouffran (73' Ben Arfa), Shola Ameobi (61' Cisse), Remy
Subs: Yanga-Mbiwa, Elliot, Obertan, Sammy Ameobi
MAN UTD 0 NEWCASTLE 1 (Cabaye)
Krul, Debuchy (83' Yanga-Mbiwa), Williamson, Coloccini, Santon, Cabaye (78' Shola Ameobi), Tiote, Anita, Sissoko, Remy, Gouffran (57' Ben Arfa).
Subs: Cisse, Gutierrez, Elliot, Obertan
SWANSEA 3 NEWCASTLE 0
Krul, Debuchy, Williamson (77' Yanga-Mbiwa), Coloccini, Santon (56' Haidara), Sissoko, Tiote, Cabaye, Gouffran, Shola Ameobi (67' Obertan), Remy
Subs: Anita, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 2 WBA 1 (Gouffran, Sissoko)
Krul, Debuchy, Williamson, Coloccini, Santon, Sissoko (90+5' Cisse), Tiote, Cabaye, Gouffran, Shola Ameobi, Remy (84' Anita)
Subs: Ben Arfa, Yanga-Mbiwa, Elliot, Obertan, Sammy Ameobi
NEWCASTLE 2 NORWICH CITY 1 (Remy, Gouffran)
Krul, Yanga-Mbiwa, Williamson, Coloccini, Santon, Sissoko, Tiote, Cabaye (68' Anita), Gouffran (83' Ben Arfa), Shola Ameobi (74' Cisse), Remy.
Subs: Haidara, Elliot, Obertan, Sammy Ameobi
TOTTENHAM 0 NEWCASTLE UTD 1 (Remy)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Sissoko, Cabaye, Tiote, Gouffran (85' Obertan), Remy (75' Cisse), Shola Ameobi (60' Anita).
Subs: Coloccini, Ben Arfa, Elliot, Sammy Ameobi
NEWCASTLE UTD 2 CHELSEA 0 (Gouffran, Remy)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Sissoko, Cabaye, Tiote (53' Anita), Gouffran (85' Obertan), Shola Ameobi (62' Cisse).
Subs: Ben Arfa, Elliot, Sammy Ameobi, Tavernier.
SUNDERLAND 2 NEWCASTLE 1 (Debuchy)
Krul, Debuchy, Williamson, Dummett, Santon, Sissoko (45' Cisse), Tiote, Cabaye, Gouffran (86' Sammy Ameobi), Ben Arfa, Remy (70' Shola Ameobi).
Subs: Anita, Haidara, Elliot, Obertan.
NEWCASTLE UTD 2 LIVERPOOL 2 (Cabaye, Dummett)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Cabaye (78' Sammy Ameobi), Tiote, Gouffran, Sissoko (45' Dummett), Remy, Ben Arfa (78' Anita).
Subs: Cisse, Elliot, Obertan, Dummett.
CARDIFF CITY 1 NEWCASTLE 2 (Remy 2)
Krul, Debuchy, Williamson, Coloccini, Santon, Tiote, Cabaye (86' Ben Arfa), Gouffran, Sissoko, Remy (71' Gutierrez), Cisse
Subs: Anita, Yanga-Mbiwa, Elliot, Sammy Ameobi, Dummett
EVERTON 3 NEWCASTLE 2 (Cabaye, Remy)
Krul, Debuchy, Yanga-Mbiwa (46' Williamson), Coloccini, Santon, Tiote, Anita (69' Cisse), Ben Arfa (46' Cabaye), Sissoko, Gouffran, Remy
Subs: Elliot, Obertan, Sammy Ameobi, Dummett
NEWCASTLE 2 HULL CITY 3 (Remy 2)
Krul, Debuchy (86' Tiote), Yanga-Mbiwa, Coloccini, Santon, Cabaye (62' Gouffran), Anita, Sissoko, Ben Arfa, Cisse (73' Marveaux), Remy
Subs: Williamson, Elliot, Sammy Ameobi, Dummett
ASTON VILLA 1 NEWCASTLE 2 (Ben Arfra, Gouffran)
Krul, Debuchy, Coloccini, Yanga-Mbiwa, Santon, Anita (74' Tiote), Cabaye (88' Sammy Ameobi), Ben Arfa, Sissoko, Remy (63' Gouffran), Cisse
Subs: Elliot, Marveaux, S Taylor, Dummett
NEWCASTLE 1 FULHAM 0 (Ben Arfa)
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita 65' (Cabaye), Marveaux 74' (Remy), Shola Ameobi 65' (Gouffran), Cisse
Subs: Gosling, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 0 WEST HAM 0
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita, Marveaux 66' (Sammy Ameobi), Shola Ameobi, Cisse 72'
Subs: Gosling, Bigirimana, Elliot, Vuckic, Dummett
MAN CITY 4 NEWCASTLE 0
Krul, Debuchy, Coloccini, S Taylor, Yanga-Mbiwa, Sissoko, Tiote, Gouffran 45+4' (Dummett), Ben Arfa 65' (Sammy Ameobi), Gutierrez 44' (Anita), Cisse
Subs: Elliot, Marveaux, Shola Ameobi, Obertan
LEAGUE CUP
NEWCASTLE 0 MAN CITY 2 (AET)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Haidara (45 Dummett, 80 Ben Arfa), Anita, Tiote, Gouffran, Sissoko, Shola Ameobi (66 Cabaye), Cisse
Subs: Remy, Elliot, Obertan, Sammy Ameobi
NEWCASTLE 2 LEEDS UTD 0 (Cisse, Gouffran)
Krul, Debuchy, Williamson, Coloccini, Dummett, Gouffran (90' Vuckic), Anita (80' Gosling), Tiote, Marveaux, Sammy Ameobi, Cisse (71' Obertan).
Subs: Ben Arfa, Yanga-Mbiwa, Bigirimana, Alnwick
MORECAMBE 0 NEWCASTLE 2 (Shola Ameobi, Sammy Ameobi)
Elliot, Debuchy, Yanga-Mbiwa, Good, Dummett, Bigirimana, Gosling, Marveaux 88' (Sissoko), Vuckic 46' (Shola Ameobi), Sammy Ameobi, Gouffran 71' (Ben Arfa)
Subs: Santon, Anita, Alnwick, Streete
FA CUP
NEWCASTLE 1 CARDIFF CITY 2 (Cisse)
Elliot, Santon, S Taylor, Yanga-Mbiwa, Haidara, Sissoko (85' Shola Ameobi), Tiote, Anita, Gouffran (63' Obertan), Ben Arfa, Cisse (85' Remy).
Subs: Williamson, Sammy Ameobi, Dummett, Alnwick