Target Corporation (TGT) : Traders are bullish on Target Corporation (TGT) as it has outperformed the S&P 500 by a wide margin of 3.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.43% in the last 1 week, and is up 8.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.18% and the 50-Day Moving Average is 3.42%.
Target Corporation (NYSE:TGT): The stock opened at $73.49 on Friday but the bulls could not build on the opening and the stock topped out at $73.79 for the day. The stock traded down to $72.50 during the day, due to lack of any buying support eventually closed down at $73.04 with a loss of -0.61% for the day. The stock had closed at $73.49 on the previous day. The total traded volume was 5,205,294 shares.
The company Insiders own 0.25% of Target Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.13% . Institutional Investors own 90.73% of Target Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 21.24%. 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.