(Finance) – Rise for Macy’swhich changes hands with a strong gain, exceeding the previous values by 19.12%.
A group of investors made up of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to purchase and delist the historic US large-scale retail chain.
On a comparative level on a weekly basis, the trend of Macy’s highlights a more marked trend than the trendline of theS&P-500. This demonstrates the greater propensity of investors to buy towards Macy’s compared to the index.
The technical status of Macy’s is strengthening in the short term, with resistance area seen at USD 21.17, while the first support is estimated at 19.89. The technical implications favor an expansion of performance in a bullish direction, with resistance seen at 22.45.