Mentioned in this article
Overall market sentiment has been high on Macy’s Inc (M) stock lately. M receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With M Stock Today?
Macy’s Inc (M) stock is higher by 3.49% while the S&P 500 is lower by -0.1% as of 9:39 AM on Friday, Nov 17. M has risen $0.47 from the previous closing price of $13.33 on volume of 128,815 shares. Over the past year the S&P 500 has risen 13.76% while M is lower by -29.98%. M earned $2.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.41.
To see InvestorsObserver’s Sentiment Score for Macy’s Inc click here.
More About Macy’s Inc
Macys is Americas store for life. The largest retail brand of Macys Inc. NYSE:M delivers quality fashion at affordable prices to customers at approximately 640 locations in 43 states the District of Columbia Puerto Rico and Guam as well as to customers in more than 100 international destinations through leading e-commerce site macys.com. Macys inspires fashion exploration and discovery through the most desired family of exclusive brands for her for him for the home and via our dynamic mobile and social platforms. We know the power of celebration demonstrated through decades of memorable experiences created during Macys 4th of July Fireworks and Macys Thanksgiving Day Parade as well as spectacular fashion shows culinary events flower shows and celebrity appearances. Macys flagship stores including New York Citys Herald Square are internationally renowned and preeminent destinations for tourists. With the collective support of our customers and employees Macys builds community and helps make a difference in every market we serve supporting local and national charities by giving nearly $50 million each year plus 146000 hours of volunteer service. For more than 160 years Macys has and continues to make life shine brighter for our customers colleagues and communities.
Click Here to get the full Stock Report for Macy’s Inc stock.