Target stock price plummets on earnings

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During the pre-market hours the stock price of Target plummeted by nearly 25.00%. The drop was caused by the company reporting that its quarterly profits had decreased by half, compared the previous quarter.

CEO of the company Brian Cornell stated that the company's profits suffered due to rising fuel prices and a decline in consumer demand.

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