https://www.bloomberg.com/news/articles/2020-06-10/billionaire-sheds-macy-s-after-making-millions-on-stock-surge
All y’all thought that Czech billionaire was going to come in and change Macy’s and he took his profits and bounced, we all know why...
8 replies (most recent on top)
I wouldnt be worried about the billionair stock traders. I'd be more worried about the CEO, CFO and all the insiders driving stocks through BS suprise announcements. Then insider buys before hand and then selling as soon as the BS announcement comes out for profit nearly weekly. Insider trading are listed as public look it up. The employees are the real victims here... and the wolves are their own leaders not guys who day trade for a living lol... s—ers really thought this billionaire has a plan.. oh he did.. but then again so doesnt the leadership of Macys just saying. The devil you know I guess is better then the ones you dont.
Open 7.06
High 7.62
Low 6.60
Mkt cap 2.09B
P/E ratio 0.87
Div yield 22.34%
Prev close 7.94
52-wk high 23.40
52-wk low 4.38
They been Manipulating the stock for a long time, If you do some research you’ll find out they’ve been trading on Amongst each other
They been Manipulating the stock for a long time, If you do some research you’ll find out they’ve been trading on Amongst each other
Made some quick money and got out. He was lucky on the timing and how quick our stock price shot back up.
It’s all just disgusting! Nobody really cares!
His Vesa Equity Investment said Tuesday it owned 0.7% of the U.S. department-store chain, down from the 5% stake unveiled less than a month ago. The investment, billed as a strategic move at the time, coincided with a 65% surge in the stock. Kretinsky made roughly $36 million if he bought Macy’s shares the day before disclosing his 5% stake and sold them on Tuesday.
Ha Ha!