Macy's (M) shares climbed 3.53% to $21.73 as the retailer accelerates its restructuring plan and positions itself to capture market share following the Saks bankruptcy. Analysts at Intellectia AI noted a bullish shift in moving averages, signaling positive momentum for the stock.

  • The company is moving forward with 14 store closures and shuttering its Owasso, Oklahoma fulfillment center to consolidate its supply chain network.
  • Investors are optimistic about potential growth following a strong January jobs report and expected efficiency gains from the current pivot.
  • Despite a 60% year-over-year decline in recent quarterly earnings per share, technical indicators suggest a strengthening market position.