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Dollar General Corp. [DG] Shares Fall Approximately -37.49% Over the Year

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dollar General Corp. shares valued at $468,567 were sold by Santana Ralph on Apr 11 ’24. At $155.72 per share, Santana Ralph sold 3,009 shares. The insider’s holdings dropped to 3,248 shares worth approximately $0.45 million following the completion of this transaction.

Also, Wenkoff Carman R sold 5,909 shares, netting a total of over 958,616 in proceeds. Following the sale of shares at $162.23 each, the insider now holds 28,579 shares.

Before that, BRYANT WARREN F had added 850 shares to its account. In a trade valued at $110,653, the Director bought Dollar General Corp. shares for $130.18 each. Upon closing the transaction, the insider’s holdings increased to 850 shares, worth approximately $58471.50000000001.

As published in a research note from Telsey Advisory Group on March 15, 2024, Dollar General Corp. [DG] has been rated up from a Market perform to an Outperform and the price target has been revised to $170. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of March 11, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for DG. Earlier on January 16, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for DG stock which previously was a “an Equal-weight”.

Analyzing DG Stock Performance

During the last five days, there has been a drop of approximately -3.90%. Over the course of the year, Dollar General Corp. shares have jumped approximately 1.20%. Shares of the company reached a 52-week high of $168.07 on 03/14/24 and a 52-week low of $128.76 on 01/25/24. A 50-day SMA is recorded $149.93, while a 200-day SMA reached $137.21. Nevertheless, trading volume fell to 2.61 million shares from 1.75 million shares the previous day.

Support And Resistance Levels for Dollar General Corp. (DG)

According to the 24-hour chart, there is a support level at 135.33, which, if violated, would cause prices to drop to 133.09. In the upper region, resistance lies at 139.91. The next price resistance is at 142.25. RSI (Relative Strength Index) is 28.65 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.82, which suggests the price will decrease in the coming days. Percent R is at 88.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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