The last time the company saw a drop nearly this big came in 2022 after the stocks equalized following an unprecedented surge during the COVID pandemic. The plummet stands as the retailer’s lowest stock price in nearly three years. The nearly 14% drop in value for the blue chip stock roughly translates to a $10.1 billion loss in valuation to just $64.2 billion for Target, which has nearly 2,000 stores nationwide. Target has lost $10 billion in market valuation over the last 10 days as the popular retailer continues to face backlash over its Pride-themed clothing line for children.Ī week ago Wednesday, Target enjoyed its stock value at $160.96 a share, but following the calls to boycott the Minneapolis-based retailer over its “PRIDE” collection, the value plummeted and closed Friday at $138.93 a share. Walmart opening 150 stores as retail shopping makes comeback Gavin Newsom recalls how Target clerk blamed him for California retail theft - before realizing who he wasħ Target workers reportedly fired after buying special Stanley cups Target pulls Black History Month book that mislabeled Booker T.
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