https://nypost.com/2023/05/31/targets-stock-loses-12-7-billion-hits-lowest-level-since-2020/
Target’s stock loses $13.8B, sinks to
lowest level since 2020 over boycotts
New York Post, by Shannon Thaler & Lisa Fickenscher
Posted By: DVC, 6/1/2023 4:00:27 PM
Target’s stock has lost a whopping $13.8 billion over the past two weeks, hitting its lowest levels in nearly three years as the “cheap chic” discount retailer continues to face backlash over LGBTQ-friendly kids clothing. Shares of the embattled chain sank 2.2% at $130.93 on Wednesday after dropping for eight straight sessions — the stock’s longest losing streak since November 2018 — giving the company a market capitalization of $60.4 billion. That’s off 19% from two weeks earlier on May 18, when the stock was trading at $160.96 on the eve of the crisis.