Watch These Macy's Price Levels as Stock Slumps on Soft Sales Guidance
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Macy's shares are under scrutiny after the company announced that its holiday quarter sales are expected to be slightly below previous expectations due to underperforming stores.
January 14, 2025 | 3:45 pm
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Macy's has revised its holiday quarter sales guidance downward, indicating that sales will be slightly below previous expectations due to underperforming stores.
The downward revision in sales guidance suggests potential challenges in Macy's performance, likely leading to a negative short-term impact on its stock price. Investors may react to the news by selling off shares, causing a decline in stock value.
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