Macy's Reaches New 52-Week High (M)

NEW YORK ( TheStreet) -- Macy's (NYSE: M) hit a new 52-week high Monday as it is currently trading at $50.11, above its previous 52-week high of $50 with 554,692 shares traded as of 10:21 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Macy's has a market cap of $18.6 billion and is part of the services sector and retail industry. Shares are up 26% year to date as of the close of trading on Friday.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States.

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TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Macy's Ratings Report.

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