Comment on Why Target Shares Slumped Today

Why Target Shares Slumped Today

Shares of Target (NYSE: TGT) were falling today after the big-box chain missed bottom-line estimates in its first-quarter report. As a result, the stock was down 5.2% as of 10:56 a.m. EDT.Image source: Target.Target's overall numbers were solid as traffic surged 3.7%, its strongest quarterly performance in more than 10 years, which drove comparable sales up 3%.

 

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