Why Macy's Stock Is Soaring Today
Shares of Macy's (NYSE: M) were soaring 13% higher in morning trading Monday as more good news on a COVID-19 vaccine was released.
AstraZeneca and Oxford University reported the vaccine they're working on was up to 90% effective without any serious side effects in a large trial, giving hope to investors there could be a recovery in the retail sector.
Image source: Macy's.
Source Fool.com
