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. Stock
€20.71
-2.970%
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 20.71 € for Macy's Inc., so the potential is actually -27.57%.
