What's Going On With Kohl's Stock Today?
Portfolio Pulse from Ryan Gustafson
Kohl's Corporation (NYSE:KSS) shares are trading lower, continuing a trend from September where the stock fell over 23%. The retail sector was hit by a holiday retail forecast from Deloitte estimating slower growth. Kohl's shares gained at the end of September, likely in sympathy with Nike's positive Q1 results, but have since continued to decline.
October 05, 2023 | 7:17 pm
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Kohl's Corporation shares have been on a downward trend, falling over 23% in September and continuing to decline despite a brief gain in sympathy with Nike's positive Q1 results.
The stock has been on a downward trend due to a negative holiday retail forecast from Deloitte. Despite a brief gain in sympathy with Nike's positive Q1 results, the stock has continued to decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100