Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dollar Tree Inc shares valued at $244,794 were purchased by Davis Jeffrey A. on Apr 01 ’24. At $136.00 per share, Davis Jeffrey A. acquired 1,800 shares. The insider’s holdings grew to 19,047 shares worth approximately $2.26 million following the completion of this transaction.
Also, HEINRICH DANIEL J purchased 1,000 shares, netting a total of over 127,850 in proceeds. Following the buying of shares at $127.85 each, the insider now holds 6,225 shares.
Before that, Mantle Ridge LP had added 738,862 shares to its account. In a trade valued at $99,281,877, the Director by deputization bought Dollar Tree Inc shares for $134.37 each. Upon closing the transaction, the insider’s holdings increased to 738,862 shares, worth approximately $1.44 billion.
As published in a research note from KeyBanc Capital Markets on May 01, 2024, Dollar Tree Inc [DLTR] has been rated up from a Sector weight to an Overweight and the price target has been revised to $150. Analysts at Gordon Haskett downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of February 07, 2024, Gordon Haskett has increased its “Accumulate” rating to a “Buy” for DLTR. Earlier on January 29, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for DLTR stock which previously was a “a Neutral”.
Analyzing DLTR Stock Performance
During the last five days, there has been a drop of approximately -3.13%. Over the course of the year, Dollar Tree Inc shares have dropped approximately -16.54%. Shares of the company reached a 52-week high of $151.21 on 03/05/24 and a 52-week low of $116.56 on 04/29/24. A 50-day SMA is recorded $132.76, while a 200-day SMA reached $128.59. Nevertheless, trading volume fell to 1.93 million shares from 2.22 million shares the previous day.
Support And Resistance Levels for Dollar Tree Inc (DLTR)
According to the 24-hour chart, there is a support level at 117.31, which, if violated, would cause prices to drop to 116.07. In the upper region, resistance lies at 120.07. The next price resistance is at 121.59. RSI (Relative Strength Index) is 29.32 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.48, which suggests the price will decrease in the coming days. Percent R is at 84.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
