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Michaels (MIK) Catches Eye: Stock Jumps 8.3%

Zacks Equity Research

The Michaels Companies, Inc. MIK was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.68 –$14.32 in the past one-month time frame, witnessed a sharp increase yesterday.

The upmove came after the company reported fiscal fourth-quarter 2018 results.

The company has seen a mixed track record when it comes to estimate revisions of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Michaels currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

The Michaels Companies, Inc. Price

The Michaels Companies, Inc. Price | The Michaels Companies, Inc. Quote

Investors interested in the Retail - Miscellaneous industry may consider MarineMax, Inc. HZO, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is MIK going up? Or down? Predict to see what others think:Up or Down

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