Berkshire Stake Triggers Fresh Optimism For Macy's

benzinga_article
2026.05.19 18:32
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Macy's shares rose 2.92% to $19.06 following Berkshire Hathaway's disclosure of a new $55 million stake in the company. This move has sparked investor optimism and speculation about Berkshire's investment strategy under Greg Abel. Despite mixed trend signals, Macy's is positioned for potential growth, with key resistance at $20.50 and support at $17.00.