Target’s Stock Has Lost Billions of Dollars Amid ‘Pride’ Backlash

Target’s Stock Has Lost Billions of Dollars Amid ‘Pride’ Backlash
A Target department store in North Miami Beach, Fla., on May 17, 2023. Joe Raedle/Getty Images
Jack Phillips
Updated:
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Target Corporation’s stock has lost a significant amount in the past two weeks as the retailer continues to face backlash over its line of LGBT clothing for children.

Shares of the firm dropped by about 0.8 percent on May 31, to $132.73, or about 17 percent down from two weeks ago, on May 18, when the stock was trading at $160.96. Data show that the current levels are the lowest Target has experienced since the early days of the pandemic.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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