Target's market capitalization has shed more than $8 billion in the past week as investors weigh the impact of conservative backlash to the retailer's collection for Pride Month. On May 17, before the controversy exploded, Target shares closed at $160.96, giving the retailer a market valuation of roughly $74.3 billion. On Wednesday the stock closed at $143.10, down 11.1 percent from a week earlier, for a market cap of $66.1 billion, down $8.2 billion from a week earlier. The shares dropped a further 2 percent in early trading on Thursday and sat near a 52-week low.
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