Bulletin
Investor Alert

New York Markets Open in:

×

Market Pulse Archives

Aug. 21, 2019, 10:08 a.m. EDT

Target's stock soars toward record rally and record high

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Target Corp. (TGT)
  • X
    Walmart Inc. (WMT)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Target Corp. /zigman2/quotes/207799045/composite TGT +0.84% rocketed 18.2% in morning trading Wednesday, which puts them on track for the biggest one-day gain in its history, after the retailer reported better-than-expected fiscal second-quarter results and raised its outlook. The stock was trading well above the Sept. 10, 2018 record close of $89.26 and all-time intraday high of $90.39. The stock's percentage gain would be bigger than the current record rally of 17.8% on Oct. 28, 2008. Target went public in October 1968. The current price gain of $15.61 is adding about $8 billion to the retailer's market capitalization, which would lift the market cap to about $51.9 billion. That's still well below the market cap of rival Walmart Inc. /zigman2/quotes/207374728/composite WMT -0.04% of $323.1 billion. Target's stock has gained 2.7% over the past 22% over the past months, while Walmart shares have advanced 18% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.19% has tacked on 1.5%.

/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 107.87
+0.90 +0.84%
Volume: 2.95M
Sept. 19, 2019 6:30p
P/E Ratio
17.85
Dividend Yield
2.45%
Market Cap
$55.11 billion
Rev. per Employee
$209,322
loading...
/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 117.11
-0.05 -0.04%
Volume: 3.40M
Sept. 19, 2019 6:30p
P/E Ratio
26.39
Dividend Yield
1.81%
Market Cap
$333.09 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,094.79
-52.29 -0.19%
Volume: 216.44M
Sept. 19, 2019 5:17p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.