Following the Target Corporation’s decision to allow transgender customers and employees to use whichever bathroom they prefer, the retail brand’s stock has slightly fallen.
The drop may be nothing more than a coincidence, but Target’s stock price has dipped by 5.8 percent since April 19, when the store first announced the “inclusivity” policy.
Shares of Target Corporation Common Stock (TGT) have fallen from $84.14 a share on April 19 to $79.27 a share as of Friday evening, 10 days after the transgender policy was enacted.
The stock price had fallen by 2.52 percent on Friday alone, as of 4 p.m. Ultimately, the drop “would represent a corporate loss of over $2.5 billion,” according to the Family Policy Institute.
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