Macy’s stock surged 21.17% following the company’s upbeat earnings and the decision to hire AlixPartners as an adviser to review the business.
The stock has maintained a bullish trend after the huge price hike on Wednesday, November 17.
To help stock investors interested in investing in Macy’s stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Macy’s stock?
Macy’s stock is the stock of Macy’s, Inc. and it trades New York Stock Exchange (NYSE) under the symbol NYSE: M.
Macy’s, Inc. is an American holding company and the world’s largest fashion goods retailer. It is also ranked as the 36th largest retailer globally.
The company is currently headquartered in New York City and operates several subsidiaries including Bloomingdale’s, and beauty store chain Bluemercury.
Should I buy Macy’s stock today?
If you are looking to invest in a fashions retailer whose stock has registered a significant rise in the last seven days, Macy’s stock is a great choice.
Macy’s stock price prediction
Though it is difficult to make a decisive price prediction of Macy’s stock price, experts believe that the stock shall hit $40 by the end of November.
Macy’s stock social media coverage
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