Checking in on Dollar General Corporation (DG) after recent insiders movement

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In a filing, Dollar General Corporation revealed its Director BRYANT WARREN F unloaded Company’s shares for reported $0.48 million on Jan 04. In the deal valued at $243.93 per share,1,951 shares were sold. As a result of this transaction, BRYANT WARREN F now holds 38,269 shares worth roughly $ 8.39 million.

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Then, Wenkoff Carman R sold 10,000 shares, generating $2,404,911 in total proceeds. Upon selling the shares at $240.49, the EVP & Chief Information Ofc now owns 22,980 shares.

Before that, VASOS TODD J sold 97,259 shares. Dollar General Corporation shares valued at $23,492,481 were divested by the Chief Executive Officer at a price of $241.55 per share. As a result of the transaction, VASOS TODD J now holds 85,369 shares, worth roughly $18.72 million.

Gordon Haskett downgraded its Dollar General Corporation [DG] rating to a Accumulate from a a Buy in a research note published on Monday, February 10, 2023; the price target was decreased to $245 from $275. PT values the company’s stock at a premium of 10.48 to its Monday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early February with a ‘”an Equal weight”‘ rating. Credit Suisse began covering DG with “Neutral” recommendation on December 20, 2022. Telsey Advisory Group maintained its rating on December 02, 2022. It rated DG as “an Outperform”.

Price Performance Review of DG

On Monday, Dollar General Corporation [NYSE:DG] saw its stock jump 0.75% to $219.32. On the same session, the stock had its day’s lowest price of $216.84, but rose to a high of $220.64. Over the last five days, the stock has gained 1.49%. Dollar General Corporation shares have fallen nearly -10.94% since the year began. Nevertheless, the stocks have risen 6.32% over the past one year. While a 52-week high of $262.20 was reached on 01/06/23, a 52-week low of $183.25 was recorded on 03/02/23. SMA at 50 days reached $232.50, while 200 days put it at $240.34. A total of 1.78 million shares were traded, compared to the trading of 2.16 million shares in the previous session.

Levels Of Support And Resistance For DG Stock

The 24-hour chart illustrates a support level at 217.23, which if violated will result in even more drops to 215.13. On the upside, there is a resistance level at 221.03. A further resistance level may holdings at 222.73. The Relative Strength Index (RSI) on the 14-day chart is 39.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.18%. Stochastics %K at 24.38% indicates the stock is a holding.

Dollar General Corporation [DG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,397,907 shares, or roughly 7.78% of the outstanding DG shares. In other words, the investor’s shares have risen by 253,444 from its previous 13-F filing of 17144463.0. Additionally, T. Rowe Price Associates, Inc. increased 1.42% of its stake after which the total value it holdings stand at $3,210,073,968, while BlackRock Fund Advisors added 4.11% of its stake to hold $2.74 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 251,735 shares of Dollar General Corporation, while SSgA Funds Management, Inc. bought -305,229 shares. At present, Capital Research & Management Co is holding 6,625,644 shares valued at $1.55 billion. Fidelity Management & Research Co owned 5,959,088 shares of the company at the time of its most recent 13F filing, worth $1.39 billion.

However, 31 analysts have rated DG stock as an Overweight in their predictions for 2023.

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