Why Kohl's Plunged 27% This Week
Shares of Kohl's (NYSE: KSS) plummeted 26.9% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence, after the department store chain decided against selling itself and would instead remain an independent retailer.
That was not what investors were hoping to hear as they expected the activist investors pressuring Kohl's to make dramatic changes could have convinced the board that a corporate sale was best for shareholders.
Image source: Kohl's.
Source Fool.com
