Macy’s Inc’s recent filing unveils that its EVP, Chief HR Officer Kirgan Danielle L. unloaded Company’s shares for reported $0.46 million on Jul 10 ’24. In the deal valued at $18.96 per share,24,147 shares were sold. As a result of this transaction, Kirgan Danielle L. now holds 348,000 shares worth roughly $5.5 million.
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Then, Spring Antony sold 18,981 shares, generating $359,817 in total proceeds. Upon selling the shares at $18.96, the Chairman & CEO now owns 267,265 shares.
Before that, Griscom Paul sold 336 shares. Macy’s Inc shares valued at $6,372 were divested by the SVP and Controller at a price of $18.97 per share. As a result of the transaction, Griscom Paul now holds 26,348 shares, worth roughly $0.42 million.
TD Cowen downgraded its Macy’s Inc [M] rating to a Market perform from a an Outperform in a research note published on February 29, 2024; the price target was decreased to $20 from $23. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Market perform”‘ rating for it. Citigroup also remained covering M and has increased its forecast on February 02, 2024 with a “Neutral” recommendation from previously “Sell” rating. Citigroup revised its rating on December 12, 2023. It rated M as “a Sell” which previously was an “a Neutral”.
Price Performance Review of M
On Monday, Macy’s Inc [NYSE:M] saw its stock jump 1.48% to $15.81. Over the last five days, the stock has gained 4.15%. Macy’s Inc shares have fallen nearly -21.42% since the year began. Nevertheless, the stocks have risen 0.70% over the past one year. While a 52-week high of $22.10 was reached on 03/19/24, a 52-week low of $10.54 was recorded on 08/05/24. SMA at 50 days reached $17.75, while 200 days put it at $18.08.
Levels Of Support And Resistance For M Stock
The 24-hour chart illustrates a support level at 15.57, which if violated will result in even more drops to 15.32. On the upside, there is a resistance level at 16.08. A further resistance level may holdings at 16.34. The Relative Strength Index (RSI) on the 14-day chart is 40.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.50%. Stochastics%K at 38.32% indicates the stock is a holding.
How much short interest is there in Macy’s Inc?
A steep rise in short interest was recorded in Macy’s Inc stocks on
The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating along with a $13 price target.
