Target shares are trading lower as the stock pull back from Thursday strength. The stock has also been under pressure amid boycott campaigns on social media.
Portfolio Pulse from Benzinga Newsdesk
Target shares are trading lower due to a pullback in stocks from Thursday's strength and pressure from boycott campaigns on social media.
June 16, 2023 | 7:56 pm
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NEGATIVE IMPACT
Target's stock price is negatively impacted by a pullback in stocks and social media boycott campaigns.
Target's stock price is directly affected by the overall market pullback from Thursday's strength, which is causing a decline in stock prices. Additionally, the company is facing pressure from boycott campaigns on social media, which can negatively impact consumer sentiment and sales, further driving down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100