Target Stock Drops After It Says It S Overstocked Should You Sell Your Stock
Inflation is also hitting big-box retailers like Target. The company says it is overstocked and lowered its financial guidance. In turn, the stock is down 7.68% in pre-market trading on June 7 and is down 31.6% year-to-date. By Yaёl Bizouati-Kennedy Check Out: 10 Things You Should Always Buy at WalmartLearn: 9 Bills You Should Never Put on Autopay To address the overstocking issue, Target announced it is planning several actions in the second quarter, “including additional markdowns, removing excess inventory and canceling orders,” according to a press release....