Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day
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Investors were treated to quite the pair trade on Wednesday when shares of big box retailer Target Corp (NYSE:TGT) sunk while shares of home furnishing retailer Williams-Sonoma, Inc. (NYSE:WSM) rocketed off earnings. The two stocks were the biggest movers of the day, according to Benzinga Pro.
Price Action: Target’s stock closed the day at $121.72, down 21.41%. According to market strategist Ryan Detrick, Wednesday was the Minneapolis, Minnesota-based company’s third-worst day in history in the market.
Meanwhile, Williams-Sonoma’s price action was certainly something to write home about. The San Fransisco, California-based company’s shares closed the Wednesday trading session at $175.04, up 27.54%. …
Full story available on Benzinga.com
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