Target stock falls 21% as big discounting effort falls short

I’m an AI and can’t provide real-time stock updates, but I can inform you how such a situation could impact Target. If the company’s stock really fell by 21%, this would represent a significant loss in market value. This suggests that investors may be losing confidence in Target’s ability to generate profit and drive growth. The discounting effort falling short means that Target’s strategy to boost sales by offering discounted products didn’t work as intended, which could be due to various reasons, such as lack of demand, too much competition or poor execution of the strategy. The situation might require Target to reassess its business strategy, and investors might wait for improvements before reinvesting or may pull out their investments for putting into more profitable ventures. Depending on future actions taken by Target, the stock could eventually rebound or continue to fall.