Why Macy's Inc Stock Is Falling Today
Shares of Macy's (NYSE: M) were getting squeezed, after the company reported better-than-expected earnings this morning but delivered guidance that was not enough to offset ongoing pessimism around the industry.
The stock got swept up in a broader retail sell-off and was down 9.3% as of 11:32 a.m. EDT.
Image source: Macy's.
Source: Fool.com
Macy's Inc. Stock
€21.81
0.590%
Our community is currently high on Macy's Inc. with 9 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 15 € is below the current price of 21.81 € for Macy's Inc., so the potential is actually -31.22%.
