Macys Inc (M) : During the past 4 weeks, traders have been relatively bearish on Macys Inc (M), hence the stock is down -0.01% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.56% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.93% in the last 1 week, and is up 4.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 4.85%.
Macys Inc (NYSE:M): The stock opened at $34.94 on Friday but the bulls could not build on the opening and the stock topped out at $35.18 for the day. The stock traded down to $34.47 during the day, due to lack of any buying support eventually closed down at $34.68 with a loss of -0.43% for the day. The stock had closed at $34.83 on the previous day. The total traded volume was 5,885,234 shares.
The company Insiders own 1.7% of Macys Inc shares according to the proxy statements. Institutional Investors own 86.35% of Macys Inc shares. During last six month period, the net percent change held by insiders has seen a change of 77.26%. In a related news,The director officer (Chairman and CEO) of Macys, Inc., Lundgren Terry J sold 177,352 shares at $43.48 on March 23, 2016. The Insider selling transaction had a total value worth of $7,711,265. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Macys, Inc. is an omnichannel retail company operating stores, Websites (macys.com, bloomingdales.com and bluemercury.com) and mobile. As of January 31, 2015, the operations of the Company included 823 stores with an area of approximately 147,400,000 square feet in 45 states of the United States, the District of Columbia, Guam and Puerto Rico. Of these 823 stores, 447 were owned, 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury. The Company operates 13 Bloomingdales outlet stores. Bloomingdales in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.