Macy's (M), Other Peers Trade Higher in Sympathy with Kohl's (KSS)

January 24, 2022 6:22 AM EST

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Macy's (NYSE: M) traded higher in sympathy with peer Kohl's (NYSE: KSS) after Kohl's received separate bids from private equity firms Sycamore Partners and activist Starboard Value.

  • Kohl's climbed 28% pre-open.
  • Macy's traded higher by 5% in sympathy.
  • Nordstrom (NYSE: JWN) gained 4.5%

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