Macy's Stock Has Rallied This Year — But Here's Why One Fund Cut 6.7 Million Shares

This fund just slashed its Macy’s stake despite the retailer beating earnings and accelerating its turnaround—here’s what long-term investors should take away.On November 14, Cooper Creek Partners Management LLC disclosed a major sale of Macy's shares in the third quarter, according to a new SEC filing.What HappenedAccording to a Securities and Exchange Commission (SEC) filing published November 14, Cooper Creek Partners Management LLC sold nearly 6.7 million shares of Macy's (M 0.31%) in the third quarter, ...