TARGET Stock Loses $1.3 BILLION In Stock Market Capitalization After Tom Emmer Donation Boycott Begins
Target Corp. has lost $1.3 billion in stock market capitalization sinceJuly 27th 27, when Target Chief Executive Gregg Steinhafel first defended the donation of $150,000 to help a pro-business, anti-gay-marriage Republican gubernatorial Tom Emmer Over the same six trading days, stock prices rose at Target’s largest rivals, Wal-Mart Stores Inc. and Costco Wholesale Corp. Broader market indexes also were up, including the Dow Jones industrial average and the S&P 500 proving that this was not related a retail or whole market trading slump.
Target spokeswoman Jenn Glass attes that the shifting stock price reflects “too many factors that we can’t attribute it to just one thing.” Despite the fact that gay advocates, their supporters and progessive groups are standing up to the retail giant.
Yea for OUR side! 1.3 BILLION Dollars Lost Target! And it ain’t over yet bitches. Not by a long shot!