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

Target Corporation (TGT) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (20.05 million) in Target Corporation (TGT). On Thursday, The value of composite uptick trades was $20.23 million, whereas, the value of composite downtick trades was $40.28 million and the ratio between the two was 0.5, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $24.49 million. $4.65 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.19. The negative money flow of ($19.84 million) shows selling on strength. Target Corporation (TGT) gained $0.04 intraday at $70.55 and registrered 0.06% for the week.


Target Corporation (TGT) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $95 and the lowest price target forecast is $65. The average forecast of all the analysts is $78.88 and the expected standard deviation is $8.97. The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 2.11%.

Target Corporation (NYSE:TGT): The stock opened at $70.46 on Thursday but the bulls could not build on the opening and the stock topped out at $70.92 for the day. The stock traded down to $69.75 during the day, due to lack of any buying support eventually closed down at $70.09 with a loss of -0.60% for the day. The stock had closed at $70.51 on the previous day. The total traded volume was 5,088,134 shares.

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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