AAL

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.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.