M is trading at $22.93 (+3.1%) amid a broader market rally and optimism following a Citi upside catalyst watch ahead of Q4 earnings.
- Citi analysts highlighted potential for a positive surprise on March 5, citing improving sales trends and operational efficiencies.
- The stock is showing strength despite a 23.5% surge in short interest in late January, which now accounts for 10% of the float.
- Market sentiment remains bullish as the S&P 500 and NASDAQ trade up 0.87% and 1.4%, respectively.