NEW YORK, NY / ACCESSWIRE / September 11, 2017 / An announcement from Target about slashing its prices sent its shares into the red and also sent other retail stocks tumbling this past Friday. Sears, Wal-Mart, Dollar General, and Costco were among the retail stocks to fall after Target said it would be discounting prices. Shares of Equifax also sank after it was revealed that the company had suffered a data breach that could be one of the biggest in the United States.
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Equifax Inc.'s (NYSE: EFX) shares closed down 13.66% this past Friday with nearly 17 million shares traded. The stock was one of the biggest decliners on the NYSE after the company revealed that it was a victim of a cybersecurity attack that could affect up to 143 million U.S. consumers. The Atlanta-based company said that the kind of information accessed by the hackers includes social security numbers, names, birth dates, addresses, and even possibly driver's license numbers. Credit card numbers for 209,000 U.S. consumers were accessed and for 182,000 U.S. consumers, certain dispute documents that have personal identifying information were accessed. The breach may even affect certain people during tax season as the Equifax hackers could potentially file in your name and get a refund from the IRS. The Federal Trade Commission warned consumers on Friday to file their taxes early "before a scammer can."
Access RDI's Equifax Inc. Research Report at: http://www.rdinvesting.com/report/?ticker=EFX
Target Corporation (NYSE: TGT) shares closed down 1.97% this past Friday as investors worried over the retail company announcing that it would slash its prices. Target said it would be discounting thousands of products in its stores. The Minneapolis-based retailer said it would cut the prices of "thousands of items, from cereal and paper towels to baby formula, razors, bath tissue and more." Target's Merchandising Chief, Mark Tritton wrote in a post, "We've spent months looking at our entire assortment, with a focus on offering the right price every day and simplifying our marketing to make great, low prices easy to spot, all while maintaining sales we know are meaningful to guests."
Access RDI's Target Corporation Research Report at: http://www.rdinvesting.com/report/?ticker=TGT
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