M is trading at $21.81 (-4.22%) as the stock reverses yesterday's gains amid a broader market decline and mounting tariff concerns.
- Major indices are trending lower in early session trading, with the S&P 500 down 0.25% and the NASDAQ falling 0.59%.
- The decline retraces yesterday's 3.1% rally, which was driven by Citi placing the stock on an upside catalyst watch ahead of Q4 earnings.
- Broader retail sentiment is being pressured by geopolitical tensions and the potential impact of new tariff policies on the sector.