Target's stock fell sharply on Tuesday after a group of conservative activists called for a boycott of the retailer over its decision to allow transgender customers to use the bathroom of their choice.
The boycott, which was organized by the American Family Association, called on Target customers to "take their business elsewhere" until the company reversed its policy. The AFA said that Target's policy was "a threat to women and children" and that it would "normalize transgenderism".
Target's stock fell by more than 6% in early trading on Tuesday, before recovering some of its losses. The company's CEO, Brian Cornell, said in a statement that Target was "committed to providing an inclusive environment for all of our guests".
The boycott is the latest in a series of controversies that have plagued Target in recent years. In 2016, the company was criticized for selling a line of children's clothing that some parents said was too revealing. In 2017, Target was accused of discriminating against black shoppers.
The boycott is likely to have a significant impact on Target's bottom line. The company's sales have been declining in recent months, and the boycott could further hurt its sales.
The boycott is also a sign of the growing political polarization in the United States. Target's decision to allow transgender customers to use the bathroom of their choice has become a rallying cry for conservatives, who see it as a sign of the decline of traditional values.
The boycott is likely to continue to be a source of controversy for Target in the coming months. It remains to be seen whether the boycott will have a lasting impact on the company's business.
Based on the technical analysis, it is possible that Target stock could start to rebound from the $138 level. However, it is also possible that the stock could continue to fall and break below the $138 level. It is important to remember that technical analysis is not a perfect science, and it is always important to do your own research before making any investment decisions.
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