According to media reports, Macy's Inc. (M) has been asked by several hedge funds to consider selling its real estate and then leasing it back.
Macy's spiked to the upside around midday Tuesday, but settled into a range for the remainder of the session. The stock finished up by 1.68 at $68.49 on above average volume. Macy's closed challenging the upper end of a 2-week trading range.
For comments and feedback contact: editorial@rttnews.com
Business News