US Stock Market Move | Target Corporation (TGT.US) falls more than 7% as "CEO internal succession" plan disappoints the market.
On Wednesday, Target (TGT.US) fell over 7%, closing at $97.41.
On Wednesday, Target Corporation (TGT.US) fell more than 7% to $97.41. In terms of news, Target Corporation appointed senior executive Michael Fiddelke as the next CEO, but this decision did not excite Wall Street analysts, as they were hoping for an external candidate to help the struggling retailer get back on track. Fiddelke currently serves as Chief Operating Officer. Additionally, he will join the board of directors of Target Corporation. Meanwhile, current CEO Brian Cornell will focus on his duties as Executive Chairman, having led the large retailer since 2014.
Related Articles
Asian Capital "Looking Inwards": China and India Lead the Way, $22 Trillion Market Hides These Opportunities
US Stock Market Move | Some of the holders of shares are short-term support. SharpLink Gaming (SBET.US) rose more than 5.7%.
US Stock Market Move | H World Group Limited Sponsored ADR (HTHT.US) rose more than 5% with a 15% year-on-year increase in Q2 revenue.
Asian Capital "Looking Inwards": China and India Lead the Way, $22 Trillion Market Hides These Opportunities
US Stock Market Move | Some of the holders of shares are short-term support. SharpLink Gaming (SBET.US) rose more than 5.7%.
US Stock Market Move | H World Group Limited Sponsored ADR (HTHT.US) rose more than 5% with a 15% year-on-year increase in Q2 revenue.
RECOMMEND
U.S. Tariff Revenue Set to Top $300 Billion This Year? Treasury Secretary Emphasizes Debt Repayment
20/08/2025
Weekend Shake-Up: Trump Administration Abruptly Expands Steel and Aluminum Tariff Scope, U.S. Importers Struggle to Comply
20/08/2025
H20 Still Under Scrutiny as NVIDIA Prepares New China-Specific Chip
20/08/2025
