Target shares drop for ninth straight day as Pride backlash continues hurting company's financialsTarget shares dropped again on Wednesday as the retail juggernaut continues to suffer after LGBTQ Pride products outraged some customers across the nation.
Target shares dropped another 2.14%, marking the ninth straight decline, as tracked by Dow Jones Market Data Group.
Since widespread backlash over Pride merchandise polarized the nation, Target's market value has fallen over $13 billion to $60.44 billion as of Wednesday's closing price. The company’s market value was over $74 billion earlier this month.
It extended the stock’s longest losing streak since November 2018, leaving shares at a new 52-week low of $130.93 per share. ........
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