The performance of Macy's, Inc. ( M - Free Report ) has been a roller coaster ride for the past month, with periods of increase followed by declines. On Jul 5, 2024, the stock jumped 9.5% amid reports that activist investor Arkhouse Management and partner Brigade Capital Management had sweetened their acquisition offer for the largest U.S. department store chain. However, this positive momentum was short-lived. On Jul 15, 2024, Macy's shares sharply declined 11.7% after the company announced the termination of discussions regarding the potential acquisition.