Macy’s Inc (M) shares declined 0.92% to $21.63 as technical indicators shifted to a Sell rating, despite the stock maintaining a strong 43.82% gain over the past year.
- Analysts at Intellectia AI identified a bearish trend following a moving average crossover, signaling short-term technical volatility.
- Investors are looking ahead to the March annual report, with Q4 earnings estimated at $1.56 per share.
- Strategic growth remains focused on capturing luxury market share following the Saks bankruptcy.