The decline during the year reached 29%! It is rumored that Aggressive Capital is targeting Target (TGT.US), and the 3% increase in a single day is just a prelude to a rebound?

The Zhitong Finance App learned that according to people familiar with the matter, the activist investor Toms Capital has made a “significant” investment in Target (TGT.US), and the specific shareholding ratio and amount have not been disclosed to the outside world. Following the disclosure of the news, Target's stock price closed up 3.13% on Friday's trading day, and finally closed at $99.55.

Toms Capital declined to comment on the report, and Target did not immediately respond to requests for comment.

The aggressive investor chose to take action at this point — a sensitive period when Target's stock price fell 29% cumulatively during the year. The company revealed major personnel changes in August: CEO Brian Connell will officially step down in February next year, and his position will be taken over by senior executive Michael Fidelke.