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Among the biggest risers on the S&P 500 on Tuesday March 13 was Macys Inc. ($M), popping some 3.69% to a price of $29.82 a share with some 12.56 million shares trading hands.
Starting the day trading at $28.92, Macys Inc. reached an intraday high of $30.29 and hit intraday lows of $28.84. Shares gained $1.06 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 13.51 million of its 304.8 million share total float. Today’s action puts the stock’s 50-day SMA at $26.51 and 200-day SMA at $22.78 with a 52-week range of $17.41 to $31.75.
Macy’s Inc is an omnichannel retailer. It sells merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.
Macys Inc. has its corporate headquarters located in Cincinnati, OH and employs 148,300 people. Its market cap has now risen to $9.09 billion after today’s trading, its P/E ratio is now 5.7, its P/S 0.35, P/B 2.15, and P/FCF 8.8.
You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Macys Inc., check out Stock Valuation Analysis tool for M.
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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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