Published: November 30, 2023 at 2:24 PM ET
Target Inc.’s TGT stock rose 1.2% in afternoon trading Thursday, hitting a four-month high, as investors in the discount retailer enjoyed its best month in more than three years. The company’s stock price rose 19.9% in November, highlighted by a 17.8% rise on Nov. 15 after the company reported third-quarter profits that beat expectations. This puts the stock on track for its biggest monthly gain since it soared 20.1% in August 2020. Meanwhile, rival Walmart WMT’s stock fell 0.6% on Thursday and is down 5.1% in November, which would be its worst monthly performance. After slipping…
Target company stock
target
Shares rose 1.2% in afternoon trading Thursday, hitting a four-month high as investors in the discount retailer enjoyed its best month in more than three years. The company’s stock price rose 19.9% in November, highlighted by a 17.8% rise on Nov. 15 after the company reported third-quarter profits that beat expectations. This puts the company’s stock on track for its biggest monthly gain since a 20.1% jump in August 2020.
WMT
It fell 0.6% on Thursday and fell 5.1% in November, which would be its worst monthly performance since December 2022, when it fell 7%. By comparison, the Consumer Staples Select Sector SPDR ETF
XLP
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The S&P 500 index rose 3.5% in November, while stocks that make up Walmart and Target stock rose 3.5% in November.
SPX
It reached 8.4%.