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Michaels Companies (NYSE:MIK) Insider Theodore J. Bachmeier acquired 3,000 shares of Michaels Companies stock in a transaction dated Wednesday, July 2nd. The shares were purchased at an average cost of $17.00 per share, with a total value of $51,000.00. Following the completion of the acquisition, the insider now directly owns 14,442 shares of the company’s stock, valued at approximately $245,514. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Michaels Companies (NYSE:MIK) traded down 0.70% during mid-day trading on Monday, hitting $16.91. The stock had a trading volume of 358,089 shares. Michaels Companies has a 52-week low of $16.47 and a 52-week high of $17.28. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $16.93. The company has a market cap of $3.434 billion and a price-to-earnings ratio of 14.40.

The Michaels Companies, Inc is an arts and crafts specialty retailer in North America. The Company also operates a vertically integrated custom framing business.

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