The Michaels Companies (MIK) Catches Eye: Stock Jumps 9%

Zacks Equity Research

The Michaels Companies, Inc. MIK was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 59.4% in the past one-month time frame.

The company has seen one negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

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

The Michaels Companies, Inc. Price

The Michaels Companies, Inc. Price

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

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

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