The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dollar General Corporation shares valued at $932,638 were purchased by CALBERT MICHAEL M on Jun 08. At $155.44 per share, CALBERT MICHAEL M acquired 6,000 shares. The insider’s holdings grew to 6,000 shares worth approximately $0.92 million following the completion of this transaction.
Also, CALBERT MICHAEL M purchased 2,500 shares, netting a total of over 388,125 in proceeds. Following the buying of shares at $155.25 each, the insider now holds 116,682 shares.
Before that, Owen Jeffery had added 1,500 shares to its account. In a trade valued at $236,792, the Chief Executive Officer bought Dollar General Corporation shares for $157.86 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $8.52 million.
As published in a research note from Edward Jones on August 23, 2023, Dollar General Corporation [DG] has been rated up from a Hold to a Buy.
Analyzing DG Stock Performance
On Thursday, Dollar General Corporation [NYSE: DG] plunged -3.49% to $152.98. The stock’s lowest price that day was $152.61, but it reached a high of $156.61 in the same session. During the last five days, there has been a drop of approximately -4.69%. Over the course of the year, Dollar General Corporation shares have dropped approximately -37.88%. Shares of the company reached a 52-week high of $251.00 on 01/06/23 and a 52-week low of $151.27 on 06/12/23. A 50-day SMA is recorded $166.10, while a 200-day SMA reached $209.70. Nevertheless, trading volume fell to 4.52 million shares from 2.78 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 151.52, which, if violated, would cause prices to drop to 150.07. In the upper region, resistance lies at 155.52. The next price resistance is at 158.07. RSI (Relative Strength Index) is 27.62 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.61, which suggests the price will decrease in the coming days. Percent R is at 97.83%, 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 Jul 30, 2023 jumping by 0.36 million shares to 4.31 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 3.95 million shares. A jump of 8.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.83 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.83.
Which companies own the most shares of Dollar General Corporation (DG)?
According to The Vanguard Group, Inc. filings, the company currently owns 17,339,182 shares, which is about 7.91% of the total DG shares outstanding. The investor’s shares have appreciated by 7,291 from its previous 13-F filing of 17331891.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $2,547,735,195. Capital Research & Management Co acquire a 124.36% interest valued at $1.82 billion while BlackRock Fund Advisors sold a -1,549,691 stake. A total of -28,101 shares of Dollar General Corporation were sold by SSgA Funds Management, Inc. during the quarter, and -4,551,019 were sold by T. Rowe Price Associates, Inc.. In its current portfolio, Geode Capital Management LLC holds 4,214,491 shares valued at $711.66 million.
In terms of Dollar General Corporation share price expectations, FactSet research, analysts set an average price target of $186.52 in the next 12 months, up nearly 16.71% from the previous closing price of $158.51. Analysts anticipate Dollar General Corporation stock to reach $230.00 by 2023, with the lowest price target being $155.00. In spite of this, 30 analysts ranked Dollar General Corporation stock as an Overweight at the end of 2023.