Target shares are sinking like a stone losing $12 billion in 14 days

Romans 12:2 “Do not be conformed to this world, but be transformed by the renewal of your mind, that by testing you may discern what is the will of God, what is good and acceptable and perfect.”

Important Takeaways:

  • Target loses $12B in 14 days: Retail giant’s market cap plummets after longest losing streak in FIVE YEARS as shares drop to lowest level in a year amid Pride ‘tuck-friendly’ swimwear controversy
  • Target’s share prices continued to plummet for an eighth-straight day Tuesday as the retailer faces its biggest losing streak in five years.
  • Shares fell 3.66 percent on Tuesday, resulting in the once-popular retail store losing a whopping $2.4billion in market capitalization amid widespread backlash to its Pride display, which included ‘tuck-friendly’ women’s swimwear.
  • Tuesday’s losses put the stock on its longest losing streak since November 2018, according to FOX Business, with shares at a 52-week low of $133.88 — down nearly 15 percent over the month.
  • Target’s market capitalization is down by more than $12billion in the last 14 days as its value plunged to $61.85billion when trading closed Tuesday.

Read the original article by clicking here.