Schaeffer's Top Stock Picks for '25

Macy's Stock Rallies on Activist Investor Scrutiny

M is down over 15% in 2024

Digital Content Manager
Dec 9, 2024 at 10:27 AM
facebook X logo linkedin


Macy's Inc (NYSE:M) stock is up 4% to trade at $17.08 at last glance, following a laundry list of requests from Barington Capital. The activist investor group asked the retail giant to create a real estate unit, modify its capital allocation plan, and reassess alternatives for its Bloomingdale’s and Bluemercury operations.

The shares are trading above the $17 region for the first time since August, bouncing off a pullback that came close to their Sept. 11, year-to-date low of $14.06. Longer term, Macy's stock carries a 15.3% year-to-date deficit. 

Options traders lean overwhelmingly bearish toward M. This is per the equity's Schaeffer's put/call open interest ratio (SOIR) of 1.16, which sits higher than 78% of readings from the past 12 months.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?