A 29% drop in the year! It is rumored that aggressive capital has set its sights on Target Corporation (TGT.US). Is the 3% single-day increase just a prelude to a rebound?

According to sources familiar with the matter, the radical investor Toms Capital has made a "significant" investment in Target Corporation (TGT.US), although the specific percentage of ownership and amount have not been disclosed. Following the news, Target Corporation's stock price rose by 3.13% on Friday's trading day, closing at $99.55. Toms Capital declined to comment on the report, and Target Corporation did not immediately respond to requests for comment. The radical investor's move comes at a sensitive time, as Target Corporation's stock price has fallen by 29% so far this year. The company recently announced a major executive change in August, with CEO Brian Cornell stepping down in February next year and senior executive Michael Fiddelke taking over his position.