Dollar General Corp.’s recent filing unveils that its EVP & Chief Information Ofc Wenkoff Carman R unloaded Company’s shares for reported $0.96 million on Apr 04 ’24. In the deal valued at $162.23 per share,5,909 shares were sold. As a result of this transaction, Wenkoff Carman R now holds 28,579 shares worth roughly $4.56 million.
Then, BRYANT WARREN F bought 850 shares, generating $110,653 in total proceeds. Upon buying the shares at $130.18, the Director now owns 425 shares.
Before that, Wenkoff Carman R bought 2,000 shares. Dollar General Corp. shares valued at $212,500 were divested by the EVP & Chief Information Ofc at a price of $106.25 per share. As a result of the transaction, Wenkoff Carman R now holds 30,966 shares, worth roughly $4.94 million.
Telsey Advisory Group upgraded its Dollar General Corp. [DG] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “a Neutral”. Telsey Advisory Group also remained covering DG and reiterated its “Market perform” recommendation on March 11, 2024. Morgan Stanley revised its rating on January 16, 2024. It rated DG as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of DG
On Friday, Dollar General Corp. [NYSE:DG] saw its stock jump 0.32% to $159.55. Over the last five days, the stock has gained 2.24%. Dollar General Corp. shares have risen nearly 17.36% since the year began. Nevertheless, the stocks have fallen -25.51% over the past one year. While a 52-week high of $222.99 was reached on 03/14/24, a 52-week low of $101.09 was recorded on 01/25/24. SMA at 50 days reached $146.06, while 200 days put it at $139.23. A total of 2.61 million shares were traded, compared to the trading of 2.54 million shares in the previous session.
Levels Of Support And Resistance For DG Stock
The 24-hour chart illustrates a support level at 158.00, which if violated will result in even more drops to 156.46. On the upside, there is a resistance level at 161.54. A further resistance level may holdings at 163.54. The Relative Strength Index (RSI) on the 14-day chart is 62.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.57%. Stochastics %K at 62.66% indicates the stock is a holding.
How much short interest is there in Dollar General Corp.?
A steep rise in short interest was recorded in Dollar General Corp. stocks on Mar 15, 2024, growing by 0.94 million shares to a total of 6.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.36 million shares. There was a rise of 14.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.14.
