Dollar Tree Inc’s recent filing unveils that its Chief Financial Officer Davis Jeffrey A. acquired Company’s shares for reported $0.24 million on Apr 01 ’24. In the deal valued at $136.00 per share,1,800 shares were bought. As a result of this transaction, Davis Jeffrey A. now holds 19,047 shares worth roughly $2.38 million.
Then, HEINRICH DANIEL J bought 1,000 shares, generating $127,850 in total proceeds. Upon buying the shares at $127.85, the Director now owns 6,225 shares.
Before that, Mantle Ridge LP bought 738,862 shares. Dollar Tree Inc shares valued at $99,281,877 were divested by the Director by deputization at a price of $134.37 per share. As a result of the transaction, Mantle Ridge LP now holds 12,104,493 shares, worth roughly $1.52 billion.
Gordon Haskett downgraded its Dollar Tree Inc [DLTR] rating to a Hold from a a Buy in a research note published on April 03, 2024; the price target was decreased to $140 from $150. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who increased its forecast for the stock in early February from “a Accumulate” to “a Buy”. JP Morgan also remained covering DLTR and has increased its forecast on January 29, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman revised its rating on October 17, 2023. It rated DLTR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of DLTR
On Friday, Dollar Tree Inc [NASDAQ:DLTR] saw its stock fall -3.88% to $125.19. Over the last five days, the stock has lost -4.22%. Dollar Tree Inc shares have fallen nearly -11.87% since the year began. Nevertheless, the stocks have fallen -16.63% over the past one year. While a 52-week high of $161.10 was reached on 03/05/24, a 52-week low of $102.77 was recorded on 03/14/24. SMA at 50 days reached $137.58, while 200 days put it at $130.17. A total of 3.46 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For DLTR Stock
The 24-hour chart illustrates a support level at 123.57, which if violated will result in even more drops to 121.95. On the upside, there is a resistance level at 128.22. A further resistance level may holdings at 131.25. The Relative Strength Index (RSI) on the 14-day chart is 37.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.71%. Stochastics %K at 25.73% indicates the stock is a holding.
The most recent change occurred on October 10, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $139 price target.
