Stock in News Spotlight: Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) stock experienced trading -27.55% off 52-week high price. On the other end, the stock has been noted 34.74% away from low price over the last 52-weeks. The stock disclosed a move of -12.57% away from 50 day moving average and -11.63% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.93% off 20-day moving average. It has market cap of $47.93B and dividend yield of 2.80%.

On April 2, 2020, Target Corporation (NYSE:TGT) stores across the country continue helping millions of guests shop for the food, medicine and other essentials they need, the retailer declared new safety measures to help reduce the spread of the coronavirus. Effective April 4, Target will actively monitor and, when needed, meter guest traffic in its nearly 1,900 stores nationwide to promote social distancing. Additionally, Target will supply its more than 350,000 team members in stores and distribution centers with face masks and gloves to wear at work, while continuing to encourage healthy hygiene habits as provided by the Centers for Disease Control and Prevention (CDC). These updates are on top of action the company has taken in recent weeks with the health and safety of its guests and team members in mind, such as rigorous cleaning routines at its stores and distribution centers; social distancing measures like floor signage to encourage guests and team members to remain six feet apart; Plexiglass partitions at all registers; and contactless order pickup and home delivery.

We’re incredibly proud of the commitment our more than 350,000 frontline team members have demonstrated to ensure millions of guests can count on Target, and we’ll continue to focus our efforts on supporting them, said John Mulligan, executive vice president and chief operating officer, Target. The measures we’re announcing  are aimed at ensuring we are creating a safe environment for the guests who continue to turn to Target, while also providing our team with additional resources as they fulfill an essential service in communities across the country.

 The USA based company Target Corporation moved with change of -0.96% to $94.36 with the total traded volume of 5876201 shares in recent session versus to an average volume of 6.21M. The stock was observed in the 5 days activity at -1.78%. The one month performance of stock was -12.48%. TGT’s shares are at -25.15% for the quarter and driving a 18.98% return over the course of the past year and is now at -26.40% since this point in 2018.  Right now the stock beta is 0.62. The average volatility for the week and month was at 4.37% and 6.82% respectively. There are 507.99M shares outstanding and 499.68M shares are floated in market.

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