Why Target (TGT) Stock Hit A New 52-Week Low Today
Portfolio Pulse from Henry Khederian
Target Corp (TGT) shares dropped 3.50% to $134.07, hitting a new 52-week low, following calls for a boycott on social media and the removal of certain products from its Pride Collection to prioritize employee safety.
May 30, 2023 | 7:46 pm
News sentiment analysis
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NEGATIVE IMPACT
Target's stock price has fallen 11% over the past five sessions due to calls for a boycott on social media and the removal of products from its Pride Collection.
The calls for a boycott on social media and the removal of products from Target's Pride Collection have led to negative sentiment around the company, causing the stock price to fall. This directly impacts TGT's stock price in the short term as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100