(Reuters) - The company's shares jumped to $43.11, before closing up $2.56, or 7 percent, at $41.43 in very active trading on the New York Stock Exchange.
"There is unusual share and option activity in Macy's as rumors circulate that it will be acquired," said William Lefkowitz, an options strategist at brokerage firm vFinance Investments.
Read more at Reuters.com Business News
"There is unusual share and option activity in Macy's as rumors circulate that it will be acquired," said William Lefkowitz, an options strategist at brokerage firm vFinance Investments.
Read more at Reuters.com Business News
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