Macy's stock: is it egregiously overbought after Q3 earnings?

Core Insights - Macy's reported a market-beating Q3 performance, indicating the effectiveness of its turnaround plan focused on enhancing operations, digital channels, and merchandise [1] Group 1: Financial Performance - The company achieved a significant improvement in its financial metrics, surpassing market expectations for the quarter [1] Group 2: Strategic Initiatives - The management's turnaround strategy is resonating well with customers, highlighting the success of their operational improvements and digital enhancements [1]