Target Continues Its Decline

On Wednesday Target Stores stock price closed at $57.83. It has cratered from its April 2016 high of $83.98. One thing I know from investing 101 is that you never look at a stock that is hopelessly lagging in a Bull Market. It is a sure sign of big underlying problems. And what is that problem? Oh – that’s right – an anything (and anyone) goes bathroom and changing room policy.

from Breitbart:

The stock value of transgender-champion Target Corp. crashed by 13.5 percent this week after the company’s sales again fell below investors’ expectations.

Target’s stock value is now down by 30 percent since it sparked a consumer boycott by embracing the transgender political agenda. That 30 percent drop has slashed investors’ wealth by roughly $15 billion.

On Tuesday, the stock fell to $58.78, down from its April 19 high of $83.98. In contrast, WalMart is up 3 percent since April, and Kohl’s is down less than one percent. read more