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Telsey Advisory Group analysts upgrades an Outperform rating for Dollar General Corp. (DG)

In a filing, Dollar General Corp. revealed its Director Santana Ralph unloaded Company’s shares for reported $0.47 million on Apr 11 ’24. In the deal valued at $155.72 per share,3,009 shares were sold. As a result of this transaction, Santana Ralph now holds 3,248 shares worth roughly $0.46 million.

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Then, Wenkoff Carman R sold 5,909 shares, generating $958,616 in total proceeds. Upon selling the shares at $162.23, the EVP & Chief Information Ofc now owns 28,579 shares.

Before that, BRYANT WARREN F bought 850 shares. Dollar General Corp. shares valued at $110,653 were divested by the Director at a price of $130.18 per share. As a result of the transaction, BRYANT WARREN F now holds 425 shares, worth roughly $59903.74999999999.

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 0.06% to $140.95. Over the last five days, the stock has gained 2.52%. Dollar General Corp. shares have risen nearly 3.68% since the year began. Nevertheless, the stocks have fallen -35.40% over the past one year. While a 52-week high of $221.30 was reached on 03/14/24, a 52-week low of $101.09 was recorded on 01/25/24. SMA at 50 days reached $149.42, while 200 days put it at $136.24. A total of 1.3 million shares were traded, compared to the trading of 1.92 million shares in the previous session.

Levels Of Support And Resistance For DG Stock

The 24-hour chart illustrates a support level at 140.09, which if violated will result in even more drops to 139.23. On the upside, there is a resistance level at 141.56. A further resistance level may holdings at 142.18. The Relative Strength Index (RSI) on the 14-day chart is 44.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.82%. Stochastics %K at 49.60% indicates the stock is a holding.

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