Why Target (TGT) Stock Hit A New 52-Week Low Today

Target Corp TGT shares are trading lower by 3.50% to $134.07 Tuesday afternoon. The stock has fallen 11% over the trailing five sessions in reaction to recent calls for a boycott on social media.

So What's Happening?

Following customer backlash, Target made the decision last week to remove certain products from its Pride Collection. According to Reuters, the retailer has taken this step to prioritize the safety of its employees.

Target's Pride Collection comprises a diverse range of 2,000 products, including clothing, books, music and home furnishings.

Despite its longstanding tradition of celebrating Pride Month, the retailer has experienced heightened attention on social media this year...Read More

According to data from Benzinga Pro, TGT has a 52-week high of $183.89 and a 52-week low of $133.74.