Target Stock (TGT) Rallies on Activist Stake Headlines — What Investors Need to Know Before Markets Reopen
Target shares rose 3.1% to $99.55 Friday after reports that activist investor Toms Capital Investment Management has taken a significant stake in the retailer. The move comes as Target faces a CEO transition and mounting shareholder pressure following a 28% stock drop in 2025. The size of TCIM’s stake and its demands remain undisclosed. Markets reopen Monday after the holiday weekend.