Target Corp. Stock Falls Wednesday, Underperforms Market
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Shares of Target Corp. (TGT) slid 2.17% to $130.93 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,179.83 and Dow Jones Industrial Average falling 0.41% to 32,908.27.
This was the stock's ninth consecutive day of losses.
Target Corp. closed $52.96 below its 52-week high ($183.89), which the company achieved on August 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) fell 0.89% to $120.58, Walmart Inc. (WMT) rose 0.55% to $146.87, and Costco Wholesale Corp. (COST) rose 0.69% to $511.56.
Trading volume (20.2 M) eclipsed its 50-day average volume of 3.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2023.
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May 31, 2023 17:27 ET (21:27 GMT)
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