Today's Research: MGM Resorts, Macy's, Ascena Retail, and Signet Jewelers
LONDON, July 11, 2013
LONDON, July 11, 2013 /PRNewswire/ --
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The U.S. equity market ended on a mixed note on Wednesday, July 10, 2013, as
investors analyzed the minutes from Federal Reserve's most recent monetary
policy meeting. The minutes of the latest Federal Open Market Committee (FOMC)
meet showed that while several policymakers are in favor of an early reduction
in the Fed's bond purchase program, many officials believed that further
improvement in the labor market outlook would be required before the
implementation of such a step. The S&P 500 and the NASDAQ managed to post
gains at the end of the session. However, the Dow Jones slipped, snapping a
four-day winning streak. Shares in the services sector ended mostly lower with
major movers including MGM Resorts International (NYSE: MGM), Macy's Inc.
(NYSE: M), Ascena Retail Group Inc. (NASDAQ: ASNA), and Signet Jewelers Ltd.
(NYSE: SIG). AAAResearchReports.com has completed their technical analysis on
MGM, M, ASNA, and SIG and these free reports are accessible by registering at:
Shares in MGM Resorts International slipped on Wednesday even as the broader
market finished on a mixed note. The company's shares oscillated between
$15.21 and $15.50 before ending the day 0.58% lower at $15.35. A total of 7.36
million shares were traded which is above the daily average volume of 9.17
million. The company's shares have fallen 0.13% so far this week. However, the
stock is still trading near its 52-week high of $15.95. Sign up for free
technical research on MGM at:
Macy's Inc.'s stock fell sharply on Wednesday, reversing most of its gains for
the week. The company's shares closed the day 1.79% lower at $49.47 after
fluctuating between $48.96 and $50.49. A total of 4.72 million shares were
traded which is above the daily average volume of 3.33 million. The stock has
gained 0.59% so far this week. In the last three months, the stock has gained
11.52%, thus outperforming the S&P 500 which gained 4.09% in the same period.
Furthermore, Macy's shares are trading near their 52-week high of $50.77. Be
sure to read our latest technical research on M by registering at:
Shares in Ascena Retail Group Inc. edged lower on Wednesday, reversing some of
their gains for the week. The company's shares ended the session 0.81% lower
at $18.41 after oscillating between $18.34 and $18.70. A total of 607,952
shares were traded which is below the daily average volume of 1.57 million.
The company's shares have gained 1.71% so far this week, whilst in the last
three months the shares have fallen 0.70%. Sign up and read the complimentary
report on ASNA at:
Signet Jewelers Ltd.'s stock edged lower on Wednesday, finishing at $70.26,
down 0.55% from its previous closing price. The company's shares oscillated
between $69.89 and $70.67. A total of 301,168 shares were traded which is
below the daily average volume of 499,228. The company's shares are currently
trading near their 52-week high of $72.52, but below their 50-day and 200-day
moving averages. The stock has gained 2.40% in the last three months. The free
report on SIG can be downloaded by signing up now at:
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