Shares of Target Corporation (TGT) Sees Large Outflow of Money

Target Corporation (TGT) : Money flow in the Target Corporation (TGT) stock was negative (7.61 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $33.31 million, compared to $40.92 million on downticks. The total uptick to downtick ratio was 0.81, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.77 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.53 million. Downtick transaction value in block trades amounted to $6.3 million, indicating persistent selling. The uptick to downtick ratio was 0.56. Target Corporation (TGT) traded $0.7 higher at $71.05 gaining 1% over the previous days close.


Also, In a research note released to the investors, Citigroup maintains its rating on Target Corporation (NYSE:TGT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup maintains the price target of $80 per share. The rating by the firm was issued on August 18, 2016.

Target Corp. has lost 0.93% in the last five trading days and dropped 6.04% in the last 4 weeks. Target Corp. is up 3.72% in the last 3-month period. Year-to-Date the stock performance stands at -0.72%.

Target Corporation (NYSE:TGT): The stock opened at $71.04 on Tuesday but the bulls could not build on the opening and the stock topped out at $71.14 for the day. The stock traded down to $70.12 during the day, due to lack of any buying support eventually closed down at $70.39 with a loss of -0.93% for the day. The stock had closed at $71.05 on the previous day. The total traded volume was 4,031,767 shares.

In a related news, The Securities and Exchange Commission has divulged that Darden Calvin, director of Target Corp, had unloaded 37,105 shares at an average price of $67.02 in a transaction dated on May 19, 2016. The total value of the transaction was worth $2,486,777.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

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