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