Why Kohl's (KSS) Stock Hit A New 52-Week Low Today
Portfolio Pulse from Henry Khederian
Kohl's Corporation (KSS) stock hit a new 52-week low due to recent calls for a boycott on social media, following the sale of a Pride-themed onesie for 3-month-old children. This comes after Target faced a similar backlash and removed certain products from its Pride Collection.
May 31, 2023 | 6:37 pm
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Kohl's stock (KSS) is trading lower due to calls for a boycott on social media over the sale of a Pride-themed onesie, similar to the backlash faced by Target.
Kohl's stock is trading lower due to the recent calls for a boycott on social media, which is a direct result of the sale of a Pride-themed onesie. This negative sentiment is likely to impact the stock price in the short term, as it mirrors the backlash faced by Target, which led to the removal of certain products from its Pride Collection.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100