Dollar Tree Inc’s filing revealed 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 $2.3 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 $1.46 billion.
KeyBanc Capital Markets upgraded its Dollar Tree Inc [DLTR] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Gordon Haskett also remained covering DLTR and has increased its forecast on February 07, 2024 with a “Buy” recommendation from previously “Accumulate” rating. JP Morgan revised its rating on January 29, 2024. It rated DLTR as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of DLTR
On Friday, Dollar Tree Inc [NASDAQ:DLTR] saw its stock jump 0.79% to $120.73. Over the last five days, the stock has lost -0.83%. Dollar Tree Inc shares have fallen nearly -15.01% since the year began. Nevertheless, the stocks have fallen -20.73% 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 04/29/24. SMA at 50 days reached $131.77, while 200 days put it at $128.30. A total of 1.47 million shares were traded, compared to the trading of 1.52 million shares in the previous session.
Levels Of Support And Resistance For DLTR Stock
The 24-hour chart illustrates a support level at 120.03, which if violated will result in even more drops to 119.33. On the upside, there is a resistance level at 121.35. A further resistance level may holdings at 121.97. The Relative Strength Index (RSI) on the 14-day chart is 37.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.45%. Stochastics %K at 29.69% indicates the stock is a holding.
