Thread regarding Macy's (M)

What are the chances that M becomes a penny stock?

As someone who owns M stock I don't want that to happen, but frankly I’m becoming more and more scared of that scenario.
Think about it. The stock lost more than half of its value in a year. If that trend continues, and there are no indications that it won’t, than this time next year we could be looking at a penny stock.

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