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