Macy's has shrunk to the size of Beyond Meat. It could get worse [MSNBC.com]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MSNBC.com
VIDEO 2:31 02:31 Goldman Sachs hits Macy's with downgrade to sell After slumping nearly 50% in 2019, the company has shrunk to its smallest market cap in a decade. Its below $5 billion market value is roughly the same as IPO hotshot Beyond Meat It could be about to get much worse for the beaten-up retailer, says Craig Johnson, chief market technician at Piper Jaffray. "I'd be selling this relief rally. Just based upon our technical work, the stock is in a very well-defined downtrend at this point in time and we're below a declining 200-day moving average. I see the best support on this stock actually coming in at $10," Johnson said Monday on CNBC's " A decline to $10 represents 35% downside from current levels. Shares gained Tuesday, a day after rising by $2 to $15.48 despite a downgrade to sell from Goldman Sachs Mark Tepper, president of Strategic Partners, is also steering clear of the department store chain. "Macy's is a dinosaur. They don't have a competitive advantage. Mall tr
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News
- Save on clothing, beauty, home goods and more during Macy's VIP Sale [CNN]CNN
- Nonprofit supporting foster care children opens new boutique for teens [Los Angeles Times (CA)]Los Angeles Times
- Kids' clothing and gear is more expensive than ever. Kidsy has a sustainable solution for discounts [TechCrunch]TechCrunch
- Cove Brands Launches to Deliver Quality Products for Consumers [Yahoo! Finance]Yahoo! Finance
- Macy's, Inc. (NYSE: M) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $21.00 price target on the stock.MarketBeat
M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- M's page on the SEC website