I have worked for Macy's since 1998 at their Flagship Herald Square store, between 34th and 35th on Broadway in Manhattan,I work in men's accessories,you can believe me or not and not just because I work there.We opened all doors at 12:00 am this past Friday and an unslaught of customers the likes of what I have "never" seen before in all the years I've worked here came through the doors and everyone that I saw made purchases and had loads of shopping bags loaded with goods.What ever triggered this sell off today is a bunch of #$%$" .There were tons of people "yes" with purchases, through out all floors and we were jammin all night long.Macy's is the most exciting place I ever worked and that includes Gimbles !! remember Gimbles Department Stores ?
Generally speaking, employees posting on their company's stock board might cause issues of "conflict of interest" and /or providing what might be looked upon as insider information. I refrain from such for these reasons because I am employed by a publically traded company.
10000 people were projected to hit the store at 12am. I must say how impressed I was when I heard Terry L (CEO) was sitting at the front doors in Herald Sqaure at 12am. That's real leadership and digging in with your people.
Sorry but you can not judge the entire US by one store. You do know that about 675,000 people actually signed a petition that they will not shop at Macy's while they are associated with Trump. Somebody knows something that caused the sell off today.
It may well just be programmed trading triggered by the stock very nearly hitting the upper Bollinger band. The stock is certainly going to test the 52-week high this month, and then momentum players may well jump in.