New York, NY – May 28th – Shares of iconic retailer Macy’s Inc. (NYSE: M) are trading in positive territory this afternoon, quoted at 0.18, or 1.53%, for the current trading session.
The department store giant experienced a volatile start to the day. Macy’s stock opened at 12.57 shortly after. However, it then saw a sharp dip to an intraday low of $11.50 before staging a steady recovery. The 1-day chart illustrates this “V-shaped” rebound, with the price climbing back above its previous close of $12.10 and trending upwards as the session progresses.
Macy’s currently has a market capitalization reported as 342.23Cr (which translates to approximately $3.42 Billion USD). The stock trades with a Price-to-Earnings (P/E) ratio of 5.94 and offers an attractive dividend yield of 5.94% to its investors.
Over the past 52 weeks, Macy’s shares have seen a high of 9.76. Today’s upward momentum is being closely watched by investors as they assess the retail sector’s performance and consumer spending trends.
