Why Macy’s Stock Fell 12% in July
Macy's (NYSE: M) stock trailed a booming market last month as shares lost 11.9% compared to a 5.5% rally in the S&P 500 in July, according to data provided by S&P Global Market Intelligence.
The slump added to significant short-term losses for owners of the iconic retailing brand, with the stock down over 60% so far in 2020.
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Source Fool.com