Macy's Inc. Looks To Continue To Trade Above Its Annual-High Share Price Today

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Macy’s Inc. M traded today at a new 52-week high of $25.16. So far today approximately 8.3 million shares have been exchanged, as compared to an average 30-day volume of 21 million shares.

In the past 52 weeks, shares of Macy’s Inc. have traded between a low of $5.57 and a high of $25.16 and are now at $24.85, which is 346% above that low price.

Founded in 1858, Macy’s operates nearly 600 stores under the Macy’s brand, 56 stores under the Bloomingdale’s brand, and about 160 freestanding Bluemercury specialty beauty stores. Macy’s also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale’s stores in the United Arab Emirates and Kuwait. Women’s apparel, accessories, shoes, cosmetics, and fragrances constituted 58% of Macy’s 2020 sales. The retailer recently consolidated its headquarters in New York City.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.