What's Going On With Walmart And Target Corp Stock On Tuesday?
Portfolio Pulse from Anusuya Lahiri
Walmart (WMT) and Target (TGT) stocks are trading lower after announcing their summer sales events to rival Amazon's (AMZN) Prime Day. Walmart's 'Walmart Deals' runs from July 8-11, while Target's 'Target Circle Week' is from July 7-13. Amazon's Prime Day is set for July 16-17, and its stock is trading up.
June 25, 2024 | 7:43 pm
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POSITIVE IMPACT
Amazon's stock is trading up as it prepares for its Prime Day event on July 16-17, offering exclusive deals to Prime members.
Amazon's stock is benefiting from the anticipation of its Prime Day event, which is expected to drive significant sales and customer engagement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Target's stock is down 1.83% after announcing its 'Target Circle Week' event from July 7-13, aiming to compete with Amazon's Prime Day.
Target's announcement of its 'Target Circle Week' event has led to a short-term decline in its stock price as investors may be concerned about the competitive pressure from Amazon's Prime Day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Walmart's stock is down 2.34% after announcing its 'Walmart Deals' event from July 8-11, aiming to compete with Amazon's Prime Day.
Walmart's announcement of its 'Walmart Deals' event has led to a short-term decline in its stock price as investors may be concerned about the competitive pressure from Amazon's Prime Day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100