Here's Why Macy's (M) Fell More Than Broader Market
MMacy's(M) ZACKS·2024-10-23 06:56

In the latest trading session, Macy's (M) closed at $15.70, marking a -2% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.05%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.18%.Heading into today, shares of the department store operator had gained 5.74% over the past month, outpacing the Retail-Wholesale sector's gain of 1.71% and the S&P 500's gain of 2.76% in that time.The investment community will be clos ...