Macy's: Still Looking For A Bigger Bid

Jason Doiy The retail sector has faced a tough time since the economy reopened after Covid shutdowns, which led to consumers turning attention towards experiences and travel. Macy's (NYSE:M) still reported solid results in 2023, and along with a potential buyout bid, the stock should trade much higher. My investment thesis remains Bullish on the stock, even after the large bounce off the 2023 lows. Source: Finviz Activist Bid A few weeks back, Macy's agreed to add two directors from Arkhouse Management. Ric ...