In trading on Wednesday, shares of Macy's Inc (Symbol: M) crossed below their 200 day moving average of $23.06, changing hands as low as $22.95 per share. Macy's Inc shares are currently trading off about 4.9% on the day. The chart below shows the one year performance of M shares, versus its 200 day moving average:
Looking at the chart above, M's low point in its 52 week range is $14.33 per share, with $37.95 as the 52 week high point — that compares with a last trade of $23.21.
Free Report: Top 7%+ Dividends (paid monthly)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.