The Michaels Companies (MIK) : During the past 4 weeks, traders have been relatively bearish on The Michaels Companies (MIK), hence the stock is down -0.45% 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 -0.94% relative to the S&P 500. The 4-week change in the price of the stock is -0.98% and the stock has fallen -0.78% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.96% and the 50-Day Moving Average is 3.56%.The 200 Day SMA reached 5.14%
The Michaels Companies (NASDAQ:MIK): After opening at $24.07, the stock dipped to an intraday low of $23.84 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.18 and the buying power remained strong till the end. The stock closed at $24.17 for the day, a gain of 0.62% for the day session. The total traded volume was 662,266. The stocks close on the previous trading day was $24.17.
The Michaels Companies (MIK) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $28. The average forecast of all the analysts is $30.57 and the expected standard deviation is $2.7.
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.