Target Boycott Crosses 1 Million Signers, Stock Sinks by $1.5 Billion
Late Thursday night, roughly 75 people a minute were adding their name to the petition as it clicked over 1 million, just after 10:30 pm Eastern Time.
“That’s a million families who are going to spread the word about Target, so they may not get those customers back,” or their money, said Tim Wildmon, president of the American Family Association, which has hosted the boycott.
Amid the turmoil, the company’s stock edged down from $83.98 per share on April 19 to roughly $81.33 in April 28.
That’s a loss of $2.65 per share, which chops the company’s stock market value by $1.5 billion, down to $48.8 billion....