https://www.retaildive.com/news/macys-dropped-from-sp-500/575283/
and so it begins.....
5 replies (most recent on top)
They've taken a heckuva hit over the past few days. I'm not sure this hit is sustainable. Oof. Hope nobody here has stock in the company.
I bet leadership is regretting moving HQ to NY right now too.
Here’s another article about that - https://www.foxbusiness.com/markets/macys-stock-removed-from-sp-500
Then on the road to sears.
Stock already touched a new 52 week low today ...
Open 4.71
High 4.88
Low 4.41
Mkt cap 1.40B
P/E ratio 2.50
Div yield 33.37%
"Macy's has a market capitalization more representative of the small-cap market space," S&P said, adding that the company would become part of the S&P small-cap 600 index, effective April 6.