Should You Buy Macy's Inc (M) Stock After it Has Gained 18.22% in a Week?

The market has been high on Macy's Inc (M) stock recently. M gets a Bullish score from InvestorsObserver Stock 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!

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With M Stock Today?

Macy's Inc (M) stock is lower by -4.67% while the S&P 500 is higher by 0.6% as of 11:01 AM on Tuesday, Oct 19. M is lower by -$1.32 from the previous closing price of $28.25 on volume of 12,870,859 shares. Over the past year the S&P 500 has gained 31.71% while M is higher by 341.48%. M earned $1.63 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.53.

More About Macy's Inc

Founded in 1858, Macy's operates nearly 600 stores under the Macy's brand, 56 stores under the Bloomingdale's brand, and about 160 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 58% of Macy's 2020 sales. The retailer recently consolidated its headquarters in New York City. Click Here to get the full Stock Report for Macy's Inc stock.