Yahoo Finance’s Ines Ferre reports on the day's trending tickers.
Brian Withers: This is another story that Jose brought to the table, and this is about a company called Shipt, S-H-I-P-T. You may have seen them shopping at your local grocery store with their Shipt shirts. Well, they deliver orders for more than 130 retailers, whether it's grocery, Petco, CVS Health, and they roughly cover 80 percent of the households in the U.S. and about 5,000 cities.
Shares of Macy's (NYSE: M) jumped Monday in part due to a report in The Wall Street Journal that Saks Fifth Avenue was aiming to take its e-commerce unit public at a valuation of $6 billion. Since Macy's is one of Saks' closest competitors, that news had investors upping their valuation of Macy's. Macy's market cap ballooned to nearly $9 billion on the news that Saks was aiming for a $6 billion valuation on Saks.com -- triple the $2 billion valuation it gave the unit in March.