Macy’s Inc’s filing revealed that its SVP and Controller Griscom Paul unloaded Company’s shares for reported $18291.0 on Sep 05 ’24. In the deal valued at $15.23 per share,1,201 shares were sold. As a result of this transaction, Griscom Paul now holds 29,232 shares worth roughly $0.48 million.
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Then, Griscom Paul bought 4,085 shares, generating $62,500 in total proceeds.
Before that, Mitchell Adrian V sold 12,000 shares. Macy’s Inc shares valued at $191,076 were divested by the EVP, COO & CFO at a price of $15.92 per share. As a result of the transaction, Mitchell Adrian V now holds 108,457 shares, worth roughly $1.78 million.
Telsey Advisory Group reiterated its Macy’s Inc [M] rating to a Market perform in a research note published on August 22, 2024; the price target was $17. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Market perform”. Telsey Advisory Group also remained covering M and reiterated its “Market perform” recommendation on February 28, 2024. Citigroup revised its rating on February 02, 2024. It rated M as “a Neutral” which previously was an “a Sell”.
Price Performance Review of M
On Friday, Macy’s Inc [NYSE:M] saw its stock fall -0.12% to $16.43. Over the last five days, the stock has gained 1.17%. Macy’s Inc shares have fallen nearly -18.34% since the year began. Nevertheless, the stocks have risen 0.37% over the past one year. While a 52-week high of $22.10 was reached on 03/19/24, a 52-week low of $14.06 was recorded on 09/11/24. SMA at 50 days reached $15.67, while 200 days put it at $17.49.
Levels Of Support And Resistance For M Stock
The 24-hour chart illustrates a support level at 16.20, which if violated will result in even more drops to 15.96. On the upside, there is a resistance level at 16.68. A further resistance level may holdings at 16.92. The Relative Strength Index (RSI) on the 14-day chart is 56.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.96%. Stochastics %K at 82.52% indicates the stock is a selling.
How much short interest is there in Macy’s Inc?
A steep rise in short interest was recorded in Macy’s Inc stocks on 2024-11-15, growing by 0.81 million shares to a total of 15.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.52 million shares. There was a rise of 5.29%, which implies that there is a positive sentiment for the stock.
