fbpx
QQQ
+ 2.03
333.05
+ 0.61%
DIA
+ 2.82
332.25
+ 0.84%
SPY
+ 3.01
405.47
+ 0.74%
TLT
-0.50
138.51
-0.36%
GLD
-1.23
165.72
-0.75%

Why Is It Moving? Analyzing The Upward Movement in Michaels Companies's Stock Today

March 3, 2021 10:53 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Michaels Companies's Stock Price And Volume Action

Michaels Companies's (NASDAQ:MIK) stock has been rising Wednesday, up 22.78% to a price of $22.11. The stock's current volume for the day is 27.18 million, which is approximately 562.44% of its previous 30-day average volume of 4.83 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: The Michaels Companies shares are trading higher after the company announced it has entered into an agreement to be acquired by funds managed by Apollo Global Management for $22 per share in cash.

Perspective On Recent Price Action

The moving average price of the stock over the past 50 days was $14.75 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $18.99 and as low as $1.0.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

Posted-In:

Movers Trading Ideas

Related Articles

Stocks That Hit 52-Week Highs On Tuesday

This morning 279 companies reached new 52-week highs. read more

65 Biggest Movers From Yesterday

Gainers Cohen & Company Inc. (NASDAQ: COHN) shares climbed 133.6% to close at $41.00 on Wednesday after the company reported a strong rise in Q4 earnings and sales. read more

11 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session

  read more

52 Stocks Moving In Wednesday's Mid-Day Session

Gainers Cohen & Company Inc. (NASDAQ: COHN) shares jumped 102.5% to $35.54 after the company reported a strong rise in Q4 earnings and sales. read more