The Michaels Companies (MIK) : During the past 4 weeks, traders have been relatively bearish on The Michaels Companies (MIK), hence the stock is down -9.69% 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 -3.47% relative to the S&P 500. The 4-week change in the price of the stock is -3.59% and the stock has fallen -2.87% in the past 1 week.
The Michaels Companies (NASDAQ:MIK): The stock opened at $26.30 on Friday but the bulls could not build on the opening and the stock topped out at $26.30 for the day. The stock traded down to $25.96 during the day, due to lack of any buying support eventually closed down at $26.04 with a loss of -0.15% for the day. The stock had closed at $26.08 on the previous day. The total traded volume was 1,697,423 shares.
The stock has recorded a 20-day Moving Average of 5.57% and the 50-Day Moving Average is 6.63%. The Michaels Companies, Inc. has dropped 8.47% during the last 3-month period . Year-to-Date the stock performance stands at 17.77%.
The Michaels Companies, Inc. is an arts and crafts specialty retailer in North America. The Company owns and operates a chain of retail stores in 49 states and Canada featuring arts, crafts, framing, floral, home decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The Company also operates a vertically integrated custom framing business. The Company provides materials, project ideas and education for creative activities. The Company has approximately 35,000 stock-keeping units (SKUs) in arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings and childrens hobbies. It has developed an online platform, which promotes social networking, and includes tips, project ideas, marketing content and information on upcoming store events. The Companys subsidiaries include Aaron Brothers, Inc., Artistree of Canada, ULC, and Michaels Stores Procurement Company.