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 $475,913 were sold by BRYANT WARREN F on Jan 04. At $243.93 per share, BRYANT WARREN F sold 1,951 shares. The insider’s holdings dropped to 38,269 shares worth approximately $8.62 million following the completion of this transaction.
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Also, Wenkoff Carman R sold 10,000 shares, netting a total of over 2,404,911 in proceeds. Following the sale of shares at $240.49 each, the insider now holds 22,980 shares.
Before that, VASOS TODD J had sold 97,259 shares from its account. In a trade valued at $23,492,481, the Chief Executive Officer traded Dollar General Corporation shares for $241.55 each. Upon closing the transaction, the insider’s holdings decreased to 97,259 shares, worth approximately $19.23 million.
As published in a research note from Gordon Haskett on February 10, 2023, Dollar General Corporation [DG] has been rated down from a Buy to a Accumulate and the price target has been revised to $245 from $275. This represents a 8.05% premium over Wednesday’s closing price. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early February. As of December 20, 2022, Credit Suisse has initiated its “Neutral” rating for DG. Earlier on December 02, 2022, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for DG stock.
Analyzing DG Stock Performance
On Wednesday, Dollar General Corporation [NYSE: DG] plunged -0.59% to $225.27. The stock’s lowest price that day was $224.81, but it reached a high of $227.74 in the same session. During the last five days, there has been a drop of approximately -2.64%. Over the course of the year, Dollar General Corporation shares have dropped approximately -8.52%. Shares of the company reached a 52-week high of $251.00 on 01/06/23 and a 52-week low of $220.05 on 01/19/23. A 50-day SMA is recorded $237.03, while a 200-day SMA reached $240.92. Nevertheless, trading volume fell to 1.5 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 224.14, which, if violated, would cause prices to drop to 223.01. In the upper region, resistance lies at 227.07. The next price resistance is at 228.87. RSI (Relative Strength Index) is 37.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.57, which suggests the price will decrease in the coming days. Percent R is at 89.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Dollar General Corporation subject to short interest?
Stocks of Dollar General Corporation saw a sharp rise in short interest on Jan 30, 2023 jumping by 70000.0 shares to 3.56 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 3.49 million shares. A jump of 1.97% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.65.
Which companies own the most shares of Dollar General Corporation (DG)?
According to The Vanguard Group, Inc. filings, the company currently owns 17,397,907 shares, which is about 7.78% of the total DG shares outstanding. The investor’s shares have appreciated by 253,444 from its previous 13-F filing of 17144463.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $3,210,073,968. BlackRock Fund Advisors acquire a 4.11% interest valued at $2.74 billion while Capital Research & Management Co purchased a 251,735 stake. A total of -305,229 shares of Dollar General Corporation were bought by SSgA Funds Management, Inc. during the quarter, and -3,354,078 were sold by Capital Research & Management Co. In its current portfolio, Fidelity Management & Research Co holds 5,959,088 shares valued at $1.39 billion.
In terms of Dollar General Corporation share price expectations, FactSet research, analysts set an average price target of $262.00 in the next 12 months, up nearly 19.15% from the previous closing price of $226.61. Analysts anticipate Dollar General Corporation stock to reach $288.00 by 2023, with the lowest price target being $191.00. In spite of this, 30 analysts ranked Dollar General Corporation stock as an Overweight at the end of 2023. On August 15, 2022, BMO Capital Markets assigned a price target of “a Market perform” to the stock and downgraded coverage with a $265.