Macy's Rises On Unusually High Volume (M)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Macy's (NYSE: M) is trading at unusually high volume Wednesday with 8.8 million shares changing hands. It is currently at two times its average daily volume and trading up $1.29 (+2.7%) at $48.68 as of 3:46 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Macy's has a market cap of $18.35 billion and is part of the services sector and retail industry. Shares are up 21.5% year to date as of the close of trading on Tuesday.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Macy's Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

This Is How to Avoid Becoming Amazon Roadkill

Cramer: Dominoes Are in Play Today

Analyst Rips Ralph Lauren Stock, Right After Glitzy Fashion Show

Walmart Upping Current Worker Hours Instead of Hiring for the Holidays