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Why Macy's Popped 27.3% This Week

Why Macy's Popped 27.3% This Week

Shares of department store owner Macy's (NYSE: M) popped 27.3% this week, according to S&P Global Market Intelligence. The retailer posted solid first-quarter results that were above analyst expectations and reiterated its full-year guidance. On May 26, Macy's reported its quarterly earnings for the first three months of 2022.