Target Stock Moves Higher After Corporate Layoffs

Struggling retail stock Target Corp (NYSE:TGT) is trading up 1.2% to trade at $95.42, after the company announced plans to layoff 1,800 corporate employees, or 8% of its workforce. The company noted it hopes to rebuild its flagging customer base, as sales struggles persist.TGT has been attempting to claw its way off an Oct. 10, five-year low of $85.36. Carrying a 30% year-to-date deficit amid resistance from the 126-day moving average, today's boost is well overdue for the shares. Calls have been much more ...