Shares of Macys Inc (M) Sees Large Outflow of Money

Macys Inc (M) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($13.3 million) and the uptick to downtick ratio was 0.74. The transaction value on upticks was $37.42 million and on downticks, the transaction value was $50.72 million. In block trades, the transaction value of inflow done during uptick was $15.5 million. The transaction value of block trades during downticks was $11.67 million. The uptick to downtick block trade ratio was 1.33. The money flow was negative ($3.83 million), indicating the traders were booking profit on the price strength. Macys Inc (M) rose $0.13 at $38.69, during intraday Tuesday , a rise of 0.34% over the previous days close.


Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Macys Inc (NYSE:M). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $30 per share to $44 per share. The rating by the firm was issued on August 12, 2016.

Macys, Inc. has dropped 4.53% in the last five trading days, however, the shares have posted positive gains of 8.13% in the last 4 weeks. Macys, Inc. is up 16.95% in the last 3-month period. Year-to-Date the stock performance stands at 11.34%.

Macys Inc (NYSE:M): The stock opened at $38.49 on Tuesday but the bulls could not build on the opening and the stock topped out at $38.68 for the day. The stock traded down to $38.03 during the day, due to lack of any buying support eventually closed down at $38.19 with a loss of -1.29% for the day. The stock had closed at $38.69 on the previous day. The total traded volume was 3,644,199 shares.

In a related news,The director officer (Chairman and CEO) of Macys, Inc., Lundgren Terry J sold 177,352 shares at $43.48 on March 23, 2016. The Insider selling transaction had a total value worth of $7,711,265. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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