M Macys Inc

Macy's Inc (M) is currently at $37.01, down $4.81 or 11.5%

-- Would be lowest close since July 16, 2018 when it closed at $36.99

-- On pace for largest percent decrease since May 11, 2017 when it fell 17.01%

-- Earlier Wednesday, Macy's reported that second-quarter sales fell 1.1% to $5.57 billion, beating the $5.55 billion analysts polled by FactSet were expecting. The company also updated its FY18 total sales outlook to be at flat to a 0.7% increase, up from its previous outlook of down 1% to up 0.5%.

-- Snaps a two day winning streak

-- Down 6.85% month-to-date

-- Up 46.92% year-to-date

-- Worst performer in the S&P 500 today

All data as of 10:21:49 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 15, 2018 10:47 ET (14:47 GMT)

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