Target Shares Surge 64.66 in Daily Volume Rank 446th as CEO Transition Unfolds

On August 20, 2025, shares of The (TGT) traded with a volume of $0.23 billion, marking a 64.66% surge from the previous day and ranking 446th in overall market activity. The stock closed in line with broader market trends, reflecting investor sentiment amid corporate leadership changes at the retail giant.

Target Corporation announced the appointment of Michael Fiddelke as its next CEO, succeeding Brian Cornell who will transition to executive chairman in early 2026. The leadership shift follows a strategic review of internal and external candidates, with Fiddelke—Target’s current COO and 20-year veteran—selected for his deep operational experience. The announcement coincided with the release of Q2 earnings, which revealed a 1.9% decline in comparable sales and a 19.4% drop in operating income compared to the prior year, underscoring persistent challenges in the retail sector.

Fiddelke outlined an agenda focused on accelerating operational efficiency, revitalizing the brand’s appeal through trend-driven merchandise, and enhancing customer experience. He emphasized the urgency to “regain momentum” as Target faces eroding market share against competitors like Walmart and Amazon, compounded by shifting consumer preferences toward essential goods over discretionary items. The company’s strategic pivot comes after years of declining sales, with Q2 results confirming a low-single-digit annual revenue contraction. Analysts remain divided on the effectiveness of internal leadership in addressing entrenched structural issues, though Fiddelke’s tenure as CFO and COO is seen as a continuation of existing initiatives.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but was subject to market fluctuations. It performed best in June 2023, with returns of 7.02%, and worst in September 2022, with a return of -4.20%. Overall, the strategy showed volatility but a general upward trend, making it suitable for traders looking for short-term opportunities.