The Michaels Companies (MIK) Shares are Down -4%

The Michaels Companies (MIK) : During the past 4 weeks, traders have been relatively bearish on The Michaels Companies (MIK), hence the stock is down -3.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.51% relative to the S&P 500. The 4-week change in the price of the stock is -5.84% and the stock has fallen -4% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.55% and the 50-Day Moving Average is 6.82%.The 200 Day SMA reached 5.38% The Michaels Companies, Inc. has dropped 10.38% during the last 3-month period . Year-to-Date the stock performance stands at 8.59%.


The Michaels Companies (MIK) : The highest level The Michaels Companies (MIK) is projected to reach is $34 for the short term and the lowest estimate is at $28. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $30.57 and the possibility the share price can swing is $2.7.

For the current week, the company shares have a recommendation consensus of Buy. The Michaels Companies (NASDAQ:MIK): The stock opened at $23.92 and touched an intraday high of $24.04 on Friday. During the day, the stock corrected to an intraday low of $23.69, however, the bulls stepped in and pushed the price higher to close in the green at $24.01 with a gain of 0.08% for the day. The total traded volume for the day was 1,272,652. The stock had closed at $24.01 in the previous trading session.

The Michaels Companies, Inc. is an arts and crafts specialty retailer in North America. The Company owns and operates a chain of retail stores in 49 states and Canada featuring arts, crafts, framing, floral, home decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The Company also operates a vertically integrated custom framing business. The Company provides materials, project ideas and education for creative activities. The Company has approximately 35,000 stock-keeping units (SKUs) in arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings and childrens hobbies. It has developed an online platform, which promotes social networking, and includes tips, project ideas, marketing content and information on upcoming store events. The Companys subsidiaries include Aaron Brothers, Inc., Artistree of Canada, ULC, and Michaels Stores Procurement Company.

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