Why TJX Companies' Stock Is Sinking Today
The stock of TJX Companies (NYSE: TJX) is moving lower Wednesday on the heels of the company's first-quarter report. The share price was down 2.5% as of 1 p.m. ET today. The stock had been down as much as 3.7% earlier in the day.TJX reported first-quarter results before the market opened this morning, posting sales and earnings that topped Wall Street's expectations. On the other hand, the company's guidance for business performance and headwinds are prompting sell-offs for the stock.Image source: Getty Images.Continue reading
The stock of TJX Companies (NYSE: TJX) is moving lower Wednesday on the heels of the company's first-quarter report. The share price was down 2.5% as of 1 p.m. ET today. The stock had been down as much as 3.7% earlier in the day.
TJX reported first-quarter results before the market opened this morning, posting sales and earnings that topped Wall Street's expectations. On the other hand, the company's guidance for business performance and headwinds are prompting sell-offs for the stock.
Image source: Getty Images.
