Why Macy's, Inc. Stock Is Down 34% This Year
Shares of Macy's (NYSE: M) have tumbled this year as the company has reported consistently downbeat results. As of July 25, the stock has lost 34%, according to data from S&P Global Market Intelligence.
Image source: Macy's
As the following chart shows, the stock fell sharply on two separate occasions, the first when it reported holiday-season guidance and then when it reported first-quarter earnings.
Source: Fool.com
Macy's Inc. Stock
€16.07
0.370%
Currently there is a rather positive sentiment for Macy's Inc. with 6 Buy predictions and 3 Sell predictions.
As a result the target price of 17 € shows a slightly positive potential of 5.79% compared to the current price of 16.07 € for Macy's Inc..
