Target Stock Sinks on Weak Revenue, Outlook

TGT sinks lower amid efforts to compete with e-commerce market

Deputy Editor
Mar 3, 2020 at 10:50 AM
facebook X logo linkedin

Target Crop (NYSE:TGT) has been in sell-off mode since last week's broad-market pullback. Shares of the retail giant are continuing the trend today, down 2% at $106.88, after battling the falling demand for toys and electronics. This, paired with competition the brick-and-mortar retailer is facing amid a consumer-base that leans toward e-commerce, pushed the company to report weaker-than-expected fourth-quarter revenue and full-year outlook.

On the charts, Target stock has been experiencing a decline since hitting an all-time high just above the $130 level in December. What's more, on Jan. 19, the equity breached support at its 120-day moving average, leading to its now 16.5% year-to-date deficit.

While TGT continues the battle of survival amidst a market flooded with convenience-oriented, e-commerce shops, most analysts are still riding the optimism train on its equity. Out of 20 analysts, 13 call it a “strong buy” and seven sport a “hold” rating.

In the options pits, Target’s 10-day call/put volume ratio of 3.67 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 94% of all other readings from the past 12 months. In simpler terms, calls have been purchased over puts at a faster-than-usual clip.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI