Macy's Roars Higher After A Change In The C-Suite

Macy's, Inc. M shares are trading higher by $0.75 (2 percent) at $33.56 in Thursday's session. The Street is showing its approval of the change from Terry Lundgren to Jeff Gennette as the company's CEO.

Related Link: Macy's Discloses CEO Succession Plan: Terry Lundgren To Step Down In 2017

After a higher, it blasted to $34.41 before falling back to the mid-$33 handle. The current is just shy of a series of five highs between ($34.56 to $34.65) from early June.