Macy’s Inc (M) stock has gained 6.27% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Macy’s Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on M!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock’s trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver‘s Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What’s Happening With M Stock Today?

Macy’s Inc (M) stock is up 0.83% while the S&P 500 is down -0.02% as of 9:56 AM on Thursday, Nov 30. M has risen $0.13 from the previous closing price of $15.64 on volume of 806,068 shares. Over the past year the S&P 500 has gained 14.96% while M is down -32.87%. M earned $2.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.74.

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.