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Shares of Target Corp. (TGT) plummeted 24.93% to $161.61 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 4.04% to 3,923.68 and Dow Jones Industrial Average falling 3.57% to 31,490.07. This was the stock's third consecutive day of losses. Target Corp. closed $107.37 below its 52-week high ($268.98), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Wednesday, as Walmart Inc. (WMT) fell 6.79% to $122.43, Costco Wholesale Corp. (COST) fell 12.45% to $429.40, and Dollar General Corp. (DG) fell 11.11% to $202.26. Trading volume (50.9 M) eclipsed its 50-day average volume of 4.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 17:23 ET (21:23 GMT)
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