Why Macy's Inc. Stock Lost 14% Last Month
Macy's Inc (NYSE: M) stock fell again in October as the venerable department-store chain suffered due to bad news from its peers and general malaise in the retail industry. According to data from S&P Global Market Intelligence, the stock dropped 14% in October.
As the chart below shows, the stock was volatile over the course of the month, but plunged toward the end as J.C. Penney slashed its guidance, weighing the rest of the department store sector.
Source: Fool.com
Macy's Inc. Aktie
20,71 €
-2,97 %
Die Community sieht Macy's Inc. leicht positiv: Mehr Buy- als Sell-Einschätzungen.
Für Macy's Inc. ergibt sich ein Potenzial von -27.57%, selbst wenn das Kursziel von 15 € unter dem aktuellen Kurs von 20.71 € liegt.
