Kohl’s Corporation (NYSE:KSS) shares are trading lower Thursday. The stock has been pulling back recently from strength seen at the end of September.
What To Know: Kohl’s stock has struggled over the month of September, down over 23%. Retail stocks were hit in mid-September by a holiday retail forecast from Deloitte which estimated holiday sales growth between 3.5% and 4.6%, representing slower growth from last year.
Shares of Kohl’s gained at the end of September, most likely in sympathy with Nike which was boosted by its first-quarter financial results.
However, Kohl’s stock has continued to trend lower following the sympathy move, with shares trading lower by over 7% on Thursday.
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KSS Price Action: Shares of KSS were down 6.10% at $19.00 at the time of publication, according to Benzinga Pro.
Image by Ranjat M from Pixabay
