Target Corp. Stock Falls Wednesday, Underperforms Market

Cornerstone Strategic Value Fund

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Cornerstone Strategic Value Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of United States and non-United States companies. The Fund invests in various sectors, such as information technology, health care, consumer discretionary, financials, communication services, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and others. The Fund invests in companies of all capitalization ranges. The Fund invests in common stocks and also invests in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. The Fund also invests without limitation in other closed-end investment companies and ETFs. The Fund's investment manager is Cornerstone Advisors, LLC.

Target Corp. Stock Falls Wednesday, Underperforms Market

5:24 pm ET June 22, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Target Corp. TGT shed 2.69% to $140.81 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA falling 0.15% to 30,483.13. Target Corp. closed $128.17 below its 52-week high ($268.98), which the company achieved on November 15th.

The stock underperformed when compared to some of its competitors Wednesday, as Walmart Inc. WMT fell 1.21% to $120.69, Costco Wholesale Corp. COST fell 0.68% to $459.96, and Dollar General Corp. DG rose 0.65% to $240.52. Trading volume (4.6 M) remained 2.2 million below its 50-day average volume of 6.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 22, 2022.

(END) Dow Jones Newswires

June 22, 2022 17:24 ET (21:24 GMT)