Macy's Down 21% in 3 Months: Should Investors Still Hold M Stock?
Macy's(M) ZACKS·2024-09-26 21:20
Macy's, Inc. (M) , a prominent omnichannel retailer, has seen its stock price fall 20.5% over the past three months. This decline can be due to a tougher promotional environment and ongoing pressures on discretionary spending. Investors are currently divided on whether the stock is set for further decline or if a recovery is imminent. The underperformance between Macy's and that of its peers is evident when comparing it to the Zacks Retail – Regional Department Stores industry, which saw a decline of 15.3% ...