Why Macy's Shares Are Rising

Shares of companies in the retail sector, including Macy's Inc M are trading higher amid strength in stocks today. Movement is possibly related to economic recovery hopes, which could lift sector sentiment.

Macy's shares also saw strength in mid-October trading following reports suggesting Saks Fifth Avenue's eCommerce unit has begun preparations for an IPO at a $6 billion valuation.

Macy's operates nearly 600 stores under the Macy's brand, 56 stores under the Bloomingdale's brand, and about 160 freestanding Bluemercury specialty beauty stores. 

Macy's has a 52-week high of $28.53 and a 52-week low of $6.01.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Newswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!