Target Shares Rise 2.43% to $119.84; Hop Wtr Expansion Boosts Beverage Aisle
Target stock closed at $119.84, up 2.43% on the latest trading day following broader market declines. Separately, Constellation Brands struck a deal to fully acquire Hop Wtr, whose products are stocked in Target stores, potentially diversifying the retailer’s beverage offerings.
1. Stock Performance
Target shares settled at $119.84 on March 27, marking a 2.43% increase from the previous close. This gain outpaced the broader market’s downturn and underscores continued investor interest in large-cap retail names.
2. Hop Wtr Availability in Target
Constellation Brands agreed to acquire Hop Wtr outright, with the non-alcoholic, adaptogen-infused sparkling-water brand already carried by Target. The addition of Hop Wtr products, featuring ingredients like ashwagandha and L-theanine, could enhance foot traffic and broaden the retailer’s functional beverage selection.