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Why Macy's Stock Popped Today

TheMotleyFool

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Why Macy's Stock Popped Today: https://g.foolcdn.com/editorial/images/757911/sale-discount-bargain.jpg

Shares of Macy's (NYSE: M) were surging today after the department-store chain received a buyout offer from two private equity firms. The offer was received on Dec. 1 but was not reported on until this past weekend.

As a result, Macy's stock was up 21.4% as of 12:44 p.m. ET.

Image source: Getty Images.

Source Fool.com

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