Shares of Macys Inc (M) Sees Large Inflow of Net Money Flow

Macys Inc (M): $4.39 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.24. The value of trades done on upticks was $22.59 million, whereas, trades done on downticks were valued at $18.2 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $6.31 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.52 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 12.05 was strongly in favor of the bulls. The money flow in block trades was $5.79 million. Macys Inc (M) fell $0.21 traded at $35.28, a change of -0.59% over the previous day. The stock is 1.73% for the week.


Macys Inc (M) : The most positive equity analysts on Macys Inc (M) expects the shares to touch $64, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $38.64 with an expected fluctuation of $8.94 from the mean.

Macys Inc (NYSE:M): On Fridays trading session , Opening price of the stock was $35.5 with an intraday high of $35.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.88. However, the stock managed to close at $35.28, a loss of 0.59% for the day. On the previous day, the stock had closed at $35.49. The total traded volume of the day was 3,513,669 shares.

In a related news, The Securities and Exchange Commission has divulged that Lundgren Terry J, director officer (Chairman and CEO) of Macys, Inc., had unloaded 177,352 shares at an average price of $43.48 in a transaction dated on March 23, 2016. The total value of the transaction was worth $7,711,265.

Macys, Inc. is an omnichannel retail company operating stores, Websites (, and and mobile. As of January 31, 2015, the operations of the Company included 823 stores with an area of approximately 147,400,000 square feet in 45 states of the United States, the District of Columbia, Guam and Puerto Rico. Of these 823 stores, 447 were owned, 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury. The Company operates 13 Bloomingdales outlet stores. Bloomingdales in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.