Why Target (TGT) Stock Hit Another 52-Week Low Today
Portfolio Pulse from Henry Khederian
Target Corp (TGT) shares hit another 52-week low, trading 1.49% lower at $131.80, following a 9.5% drop over the past five sessions due to recent calls for a boycott on social media. The backlash comes after Target removed certain products from its Pride Collection to prioritize employee safety.
May 31, 2023 | 6:35 pm
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Target's stock price has hit a 52-week low due to social media backlash and calls for a boycott after the company removed certain products from its Pride Collection.
Target's decision to remove products from its Pride Collection has led to a negative reaction on social media, resulting in calls for a boycott. This has directly impacted the company's stock price, causing it to hit a 52-week low. The news is highly relevant and important for investors, as it indicates a potential short-term negative trend for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100