Macy's Shares Surge on Strong Q2 Performance and Strategic Turnaround
Originally Published 4 months ago — by Investor's Business Daily
Macy's stock surged nearly 21% after beating Q2 earnings estimates and reporting the best comparable sales growth in 12 quarters, leading to an upward revision of its full-year guidance despite a slight decline in net sales and earnings. The stock's move above its 200-day moving average marks a significant technical milestone after a period of decline.