Macys Inc (M) : During the past 4 weeks, traders have been relatively bearish on Macys Inc (M), hence the stock is down -3.14% 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 -5.2% relative to the S&P 500. The 4-week change in the price of the stock is -0.73% and the stock has fallen -4.8% in the past 1 week.
Macys Inc (NYSE:M): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.97 and $33.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.11, notching a gain of 1.25% for the day. The total traded volume was 5,181,782 . The stock had closed at $33.69 on the previous day.
The stock has recorded a 20-day Moving Average of 2.76% and the 50-Day Moving Average is 1.06%. Macys, Inc. has dropped 8.36% during the last 3-month period . Year-to-Date the stock performance stands at -0.56%.
Macys Inc (M) : Average target price received by Macys Inc (M) is $36.3 with an expected standard deviation of $3.16. The most aggressive target on the stock is $44, whereas the most downbeat target is $33. 10 financial analysts are currently covering the stock.
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.