Macy's (M) Down In Pre-Market Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Macy's ( M) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Macy's as such a stock due to the following factors:

  • M has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $268.9 million.
  • M traded 54,054 shares today in the pre-market hours as of 8:17 AM.
  • M is down 3.3% today from yesterday's close.

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More details on M:

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The stock currently has a dividend yield of 1.9%. M has a PE ratio of 16. Currently there are 7 analysts that rate Macy's a buy, 1 analyst rates it a sell, and 8 rate it a hold.

The average volume for Macy's has been 4.0 million shares per day over the past 30 days. Macy's has a market cap of $22.5 billion and is part of the services sector and retail industry. The stock has a beta of 0.82 and a short float of 4.4% with 3.45 days to cover. Shares are up 0.3% year-to-date as of the close of trading on Monday.

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