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$BBBY Stock Down 12% Today With No News and Benzinga States Retail Sector Are Trading Lower “In Sympathy With Target”

Benzinga’s rationalizing that the retail sector is trading lower, because Target had missed earnings, is like saying if Pfizer missed their earnings and Moderna will be down as well. Many electronic trading platform like TD Ameritrade share these types of preposterous news, created by Benzinga to their customers.

This is clearly not how the stock market was designed. Each company is unique and have different strategies, but off late, if one retail company is down, the rest follow as if some Hedge Fund, put all these top retail stocks in a basket and started to short them all at the same time.

How can one stock be down, “in sympathy with” another?