Target Corporation’s stock has lost a significant amount in the past two weeks after the retailer continues to face backlash over its line of LGBT clothing for children.
Shares of the firm dropped about 0.8 percent on Wednesday to $132.73, or about 17 percent down from two weeks ago, on May 18, when the stock was trading at $160.96. Data shows that the current levels are the lowest Target has experienced since the early days of the pandemic.
According to an analysis posted by the New York post, Target’s stock has lost about $12.7 billion so far amid the backlash.
Target has been the subject of a conservative-led boycott that was caused by the company’s move to release LGBT-friendly clothing for children, including apparel with the transgender flag colors….