Kohl's stock rises 1.05% and outperforms rivals in broad market gains
Updated
Updated · MarketWatch · May 8
Kohl's stock rises 1.05% and outperforms rivals in broad market gains
8 articles · Updated · MarketWatch · May 8
The shares closed at $14.50 as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
Kohl's beat Amazon's 0.56% gain and Walmart's 0.37% rise, while Target fell 0.50% during Friday's positive session.
Despite the advance, Kohl's remains 42.51% below its 52-week high of $25.22, and trading volume of 3.8 million was below its 50-day average of 5.2 million.
Why does one model value Kohl's at $50 while a quarter of investors bet on its failure?
Can Kohl's new influencer strategy reverse years of declining sales and win back younger shoppers?
Is the popular Sephora partnership a true savior or a distraction from deeper business problems?