History of the star: A star in the left foot or left ankle of Perseus. Menkib or Al Mankib (1), from Mankib al Thurayya, the "Shoulder of the Pleiades" [i.e. next to the Pleiades in the Arabian figure]

[Star Names, Their Lore and Meaning, Richard Hinchley Allen, 1889].

The astrological influences of the constellation: It gives an intelligent, strong, bold and adventurous nature, but a tendency to lying.  By the Kabalists it is associated with the Hebrew letter Lamed and the 12^th Tarot Trump "The Hanged Man". (Fixed Stars and Constellations in Astrology , Vivian E. Robson, 1923) 

The constellation is indicative of events effecting large numbers of people, especially those events caused by major meteorological phenomena. When prominent in a natal chart it is said to denote adventurous individuals, but also those who are less than honest in their dealings with others. (Fixed Stars and Judicial Astrology, George Noonan, 1990).