Large Outflow of Money Witnessed in Macys Inc

Macys Inc (M) managed to eke out gains of 0.03% in intraday trade. The share price increased by 0.01 points to $29.55. Till last observation, the net money flow was recorded at a negative $(-5.26) million. The total inflow of $14.36 million in upticks was completely overshadowed by an outflow of $19.62 million in downticks, giving the up/down ratio a value of 0.73. The shares have seen a change of 1.51% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $4.83 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-4.83) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Macys, Inc. has lost 3.12% in the last five trading days and dropped 18.43% in the last 4 weeks. Macys, Inc. has dropped 19.2% during the last 3-month period . Year-to-Date the stock performance stands at -18.43%. Macys Inc (NYSE:M) witnessed a decline in the market cap on Wednesday as its shares dropped 1.12% or 0.33 points. After the session commenced at $29.32, the stock reached the higher end at $29.57 while it hit a low of $29.12. With the volume soaring to 5,061,199 shares, the last trade was called at $29.21. The company has a 52-week high of $45.5. The company has a market cap of $8,929 million and there are 305,670,060 shares in outstanding. The 52-week low of the share price is $28.55.

Company has reported several Insider transactions to the SEC, on Nov 30, 2016, Craig Weatherup (director) sold 20,000 shares at 42.00 per share price.On Mar 24, 2016, Terry J Lundgren (Chairman and CEO) sold 177,352 shares at 43.48 per share price.On Mar 21, 2016, Molly Langenstein (Chief Private Brand Officer) sold 1,779 shares at 44.55 per share price.

Macy's Last issued its quarterly earnings results on Nov 10, 2016. The company reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.24. Analyst had a consensus of $0.41. The company had revenue of $5626.00 million for the quarter, compared to analysts expectations of $5633.54 million. The companys revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Macy's was Downgraded by Buckingham Research to Neutral on Jan 31, 2017. Macy's was Reiterated by RBC Capital Mkts on Jan 5, 2017 to Sector Perform, Lowers Price Target to $ 35 from a previous price target of $43 .Macy's was Reiterated by Telsey Advisory Group on Jan 5, 2017 to Market Perform, Lowers Price Target to $ 38 from a previous price target of $42 .

Macys is one of the nations premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury, as well as the, and websites. Prior to June 1, 2007, Macys was known as Federated Department Stores.


Share this post

Leave a Reply