The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Macy’s Inc shares valued at $18,291 were sold by Griscom Paul on Sep 05 ’24. At $15.23 per share, Griscom Paul sold 1,201 shares. The insider’s holdings dropped to 29,232 shares worth approximately $0.43 million following the completion of this transaction.
Also, Griscom Paul purchased 4,085 shares, netting a total of over 62,500 in proceeds.
Before that, Mitchell Adrian V had sold 12,000 shares from its account. In a trade valued at $191,076, the EVP, COO & CFO traded Macy’s Inc shares for $15.92 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $1.58 million.
As published in a research note from Gordon Haskett on December 16, 2024, Macy’s Inc [M] has been rated up from a Hold to a Buy and the price target has been revised to $20. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late August. As of February 29, 2024, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for M. Earlier on February 28, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for M stock.
Analyzing M Stock Performance
During the last five days, there has been a surge of approximately 4.14%. Over the course of the year, Macy’s Inc shares have dropped approximately -13.76%. Shares of the company reached a 52-week high of $17.33 on 01/06/25 and a 52-week low of $13.66 on 01/15/25. A 50-day SMA is recorded $15.93, while a 200-day SMA reached $16.92. Nevertheless, trading volume fell to 7.45 million shares from 9.14 million shares the previous day.
Support And Resistance Levels for Macy’s Inc (M)
According to the 24-hour chart, there is a support level at 14.34, which, if violated, would cause prices to drop to 14.08. In the upper region, resistance lies at 14.74. The next price resistance is at 14.89. RSI (Relative Strength Index) is 39.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 74.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
