TJX stock has gone down in the last 5 business days, August 11-18. The stock was trading at $ 71.71 on August 11, then started to slowly decline. As of August 16, the stock had fallen 3.2% to $ 69.41, but it jumped 15 minutes back to cost $ 70.22. In the previous trading session, the stock fell to $ 69.26, scoring 1.71%. The pre-market session recovers the price by increasing 1.23%.
The company’s net sales reached $ 3.7 billion for the third quarter, beating analyst estimates. Store operator TJX posted better-than-expected quarterly net sales, helped by the easing of COVID-19 restrictions.
The effects of the pandemic on low-cost retailers have been felt in the form of higher prices and a shift towards e-commerce. The recovery accelerated in the second half of the year, as consumers rushed to take advantage of stimulus checks and tax credits. Walt Disney Co net income reached $ 785.7 million in the second quarter, from a loss a year earlier. Net sales reached $ 12.08 billion in the third quarter, exceeding the $ 11.04 billion expected by analysts.
Finance and entertainment journalist
Richard is a bottle of wine – the older it is, the sweeter it is. He’s already found the most enjoyable hobby writing entertainment and finance news for Own Snap. Readers regularly receive updated messages from him looking for real-time news.