Target has lost $9 billion in market value since angry social media users called for a boycott of the Minneapolis-based retailer over its rollout of the “PRIDE” collection featuring LGBTQ-friendly clothing for children.
Why did target stock hit a three-year low this week?
But Target’s stock went on a nine-day losing streak and hit a three-year low this week because of broader changes in the US economy, the possibility of a recession, and Target’s over-exposure to discretionary merchandise, according to corporate executives and retail and investment analysts.
Why is target's stock price going down?
Target's stock price and market capitalization have taken a beating since angry social media users called for a boycott of the retailer.
