A company insider recently sold 97,259 shares of Dollar General Corporation [DG]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dollar General Corporation shares valued at $23,492,481 were sold by VASOS TODD J on Sep 01. At $241.55 per share, VASOS TODD J sold 97,259 shares. The insider’s holdings dropped to 85,369 shares worth approximately $20.51 million following the completion of this transaction.

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Also, VASOS TODD J sold 25,239 shares, netting a total of over 6,032,500 in proceeds. Following the sale of shares at $239.01 each, the insider now holds 85,369 shares.

Before that, VASOS TODD J had sold 108,145 shares from its account. In a trade valued at $25,866,500, the Chief Executive Officer traded Dollar General Corporation shares for $239.18 each. Upon closing the transaction, the insider’s holdings decreased to 108,145 shares, worth approximately $20.51 million.

As published in a research note from BMO Capital Markets on August 15, 2022, Dollar General Corporation [DG] has been rated down from an Outperform to a Market perform and the price target has been revised to $265. This represents a 9.33% premium over Wednesday’s closing price. Analysts at Gordon Haskett upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of July 14, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for DG. Earlier on July 05, 2022, Cleveland Research upgraded its rating. Their new recommendation was “a Buy” for DG stock which previously was a “a Neutral”.

Analyzing DG’s Price Performance

On Wednesday, Dollar General Corporation [NYSE: DG] plunged -2.23% to $240.28. The stock’s lowest price that day was $240.25, but it reached a high of $247.53 in the same session. During the last five days, there has been a drop of approximately -0.33%. Over the course of the year, Dollar General Corporation shares have jumped approximately 1.89%. Shares of the company reached a 52-week high of $262.20 on 04/21/22 and a 52-week low of $183.25 on 05/20/22. A 50-day SMA is recorded $247.06, while a 200-day SMA reached $230.20. Nevertheless, trading volume fell to 1.73 million shares from 1.68 million shares the previous day.

Support And Resistance Levels for Dollar General Corporation (DG)

According to the 24-hour chart, there is a support level at 237.84, which, if violated, would cause prices to drop to 235.41. In the upper region, resistance lies at 245.12. The next price resistance is at 249.97. RSI (Relative Strength Index) is 42.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 74.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Dollar General Corporation subject to short interest?

Stocks of Dollar General Corporation saw a sharp steep in short interest on Aug 30, 2022 dropping by -0.4 million shares to 3.77 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 4.17 million shares. A decline of -10.61% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.4 of the overall float, the days-to-cover ratio (short ratio) decline to 2.4.

Which companies own the most shares of Dollar General Corporation (DG)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 18,907,932 shares, which is about 8.38% of the total DG shares outstanding. The investor’s shares have plunged by -425,457 from its previous 13-F filing of 19333389.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $4,065,581,030. Capital Research & Management Co reduced a -23.17% interest valued at $3.08 billion while BlackRock Fund Advisors purchased a 328,316 stake. A total of 446,092 shares of Dollar General Corporation were bought by Capital Research & Management Co during the quarter, and -487,704 were sold by SSgA Funds Management, Inc. In its current portfolio, Fidelity Management & Research Co holds 5,297,891 shares valued at $1.26 billion.


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