As we approached the 2nd half of the year -- the season for buying personal stuff (and giving) is definitely ON.
And this past few days is a testament of that as MACY's is registering massive net buy volume.
On June 2, the stock net positive volume increased by a whopping +60% from its average numbers signifying an impending price shift to the upside.
Daily...
If you haven`t bought M before the previous earnings:
Then analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week,
I would consider purchasing the 17usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $1.49.
If these options prove to be profitable prior to the earnings...
In a surprising move, Macy’s ( VIE:MACY ) has announced the appointment of two new independent directors, Richard Clark and Richard Markee, while simultaneously continuing discussions with Arkhouse and Brigade regarding a potential acquisition deal. The reshuffle also sees Tony Spring, Macy’s CEO, taking on the additional role of chairman.
Richard Clark, a...
In a bid to secure a higher offer from Macy's ( NYSE:M ), investor Arkhouse Management has disclosed ongoing talks with the department store giant for access to due diligence materials. The move comes in response to Macy's characterization of the latest offer as "less than compelling," signaling a potential escalation in the battle for control over the iconic...
Analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $2.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I plotted this potential harmonic on Macy'y a day or two before their earnings on 02/27/2024.
Saw the potential to short once the C target was hit but was scared to do it. Was looking at a $16 June put. At the time it was $63-$68. It is now $117 as I type this.
#ScaredMoneyDontMakeMoney
Macy's Inc. (NYSE: NYSE:M ) announced a comprehensive restructuring plan on Tuesday, including store closures and cost-saving measures, alongside a forecast for annual sales and profit below expectations.
Store Closures and Cost-Saving Measures
The department store giant revealed plans to shutter approximately 150 stores through 2026, aiming to streamline...
M weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
Macy's have recently made headlines with significant job cuts, signaling a strategic shift amidst a rapidly changing market. While job cuts often raise concerns, savvy investors may recognize these moves as part of a broader transformation strategy. This article delves into the recent developments at Macy's, shedding light on the potential opportunities that lie...
America’s largest department-store chain, Macy's, Inc. (NYSE: M) made headlines when the WSJ reported that it had received a $5.8 billion takeover bid from an investor group made up of Arkhouse Management and Brigade Capital.
Macy’s has previously rejected takeovers of this kind, making many wonder if it’ll be the same case with this one. However, these doubts...
Macy's has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management.
The two firms already have a large position in Macy's through Arkhouse-managed funds, according to the WSJ. Macy's board met to discuss the proposal but it is unclear how the vaunted department store brand views the offer,...
Macy's continues to surprise to the upside on earnings, while at the same time the stock keeps going down, oh yeah, and it pays dividends too. Looks like it could bottom out to a nice buy zone between $9 - $11
Stocks like Macy's usually move with IWM or smallcaps.
As you've seen the last 2yrs smallcaps have underperformed the market and
So has Macy's.
Over the next few weeks I think Macy's will make a return trio to the top of its channel an close gap at 19.50
Macy's broke out of a falling wedge with massive volume this week.
My first target is 16.70 price...
Key Highlights
Department store chain Macy’s (NYSE:M) reported 3rd Quarter FY2023 results beating Wall Street analysts' expectations , with revenue down 7.3% year on year to $5.04 billion. On the other hand, its full-year revenue guidance of $23.05 billion at the midpoint came in slightly below analysts' estimates. Turning to EPS, Macy's made a non-GAAP profit of...
As you can see here, we are approaching a major imbalance on the hourly chart. I will be looking on the 15 minute chart for a heavy bounce off with good volume and hold it until close for a day trade. As always, thank you for viewing my analysis. #macys #puts #scalp
