Macy’s, Inc. (M) shares gained 4.84% today (2023-10-17). Is it the right time to buy?

What’s happening at Macy’s, Inc. (NYSE:M)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 4.84% (or 0.53 points) to $11.47 from its previous close of $10.94. So is it the right moment to buy?
Read more: Macy’s, Inc. (M) shares gained 4.84% today (2023-10-17). Is it the right time to buy?