Why Macy's Stock Is Down Today
Shares of Macy's (NYSE: M) were down on Wednesday, after a report that the company is working on a deal to pledge assets in return for as much as $5 billion in emergency financing to weather the coronavirus pandemic.
As of 12:00 p.m. EDT, Macy's shares were down about 8.3% from Tuesday's closing price.
Image source: Macy's.
Source Fool.com
