In a filing, Macy’s Inc revealed 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 $ 0.45 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 $1.66 million.
Gordon Haskett downgraded its Macy’s Inc [M] rating to a Accumulate from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Telsey Advisory Group also remained covering M and reiterated its “Market perform” recommendation on August 22, 2024. TD Cowen revised its rating on February 29, 2024. It rated M as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of M
On Tuesday, Macy’s Inc [NYSE:M] saw its stock jump 1.80% to $15.31. Over the last five days, the stock has gained 5.37%. Macy’s Inc shares have fallen nearly -9.57% since the year began. Nevertheless, the stocks have fallen -20.55% 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 $15.71, while 200 days put it at $16.57.
Levels Of Support And Resistance For M Stock
The 24-hour chart illustrates a support level at 15.02, which if violated will result in even more drops to 14.73. On the upside, there is a resistance level at 15.51. A further resistance level may holdings at 15.71. The Relative Strength Index (RSI) on the 14-day chart is 52.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.44%. Stochastics %K at 55.65% indicates the stock is a holding.
The most recent change occurred on February 28, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $21.
