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 $0.43 million.
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 $1.59 million.
Gordon Haskett upgraded its Macy’s Inc [M] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Market perform”‘ rating for it. TD Cowen also remained covering M and has decreased its forecast on February 29, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Telsey Advisory Group maintained its rating on February 28, 2024. It rated M as “a Market perform”.
Price Performance Review of M
On Tuesday, Macy’s Inc [NYSE:M] saw its stock jump 0.96% to $14.67. Over the last five days, the stock has lost -2.72%. Macy’s Inc shares have fallen nearly -13.35% since the year began. Nevertheless, the stocks have fallen -23.75% over the past one year. While a 52-week high of $22.10 was reached on 01/06/25, a 52-week low of $13.66 was recorded on 01/15/25. SMA at 50 days reached $15.82, while 200 days put it at $16.63.
Levels Of Support And Resistance For M Stock
The 24-hour chart illustrates a support level at 14.50, which if violated will result in even more drops to 14.34. On the upside, there is a resistance level at 14.84. A further resistance level may holdings at 15.02. The Relative Strength Index (RSI) on the 14-day chart is 43.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.70%. Stochastics %K at 21.36% 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 2024-11-29, growing by 0.91 million shares to a total of 15.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 14.98 million shares. There was a rise of 5.72%, which implies that there is a positive sentiment for the stock.
