On September 11, Macy's rose 5.29% in regular trading, trading at $21.585/share, with turnover of approximately $99.63 million. The stock rebounded sharply following a prior-session sell-off that had occurred despite the company reporting strong Q2 results.

Macy's reported Q2 adjusted earnings per share of $0.63, significantly above the consensus estimate of $0.36. Net sales reached $4.87 billion, up 1.1% year-over-year and above the $4.826 billion estimate. Gross margin came in at 41.5%, well above the expected 39.7%, while comparable-store sales grew 2.7%, far exceeding Wall Street's 0.8% forecast. All three brands — Macy's, Bloomingdale's, and Bluemercury — posted stable growth. On the earnings release date, the stock initially surged over 7% in pre-market trading but closed down roughly 4.7% as profit-taking dominated amid broader market weakness. Today's rebound reflects renewed buying interest at lower levels. Notably, Berkshire Hathaway disclosed a roughly $55 million stake earlier, further underpinning investor confidence in the retailer's turnaround strategy.

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