Macy’s, Inc. (M) in Focus: Stock Jumps 5.1% – Tale of the Tape

Zacks

Macy's, Inc. (M) was a big mover last session, as the company saw its shares rise slightly over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $54.99 to $59.88 in the past one-month time frame.

The company has seen six negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Susquehanna Bancshares currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the broad wholesale retail sector include Stamps.com Inc. (STMP), 1-800-Flowers.com Inc. (FLWS) and GameStop Corp. (GME). While Stamps.com and 1-800-Flowers.com hold a Zacks Rank #1 (Strong Buy), GameStop Corp. carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply