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Selling Buzz: Dollar Tree Inc [DLTR] Chief Information Officer Aflatooni Robert sells 827 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dollar Tree Inc shares valued at $87,315 were sold by Aflatooni Robert on Jun 25 ’24. At $105.58 per share, Aflatooni Robert sold 827 shares. The insider’s holdings dropped to 9,725 shares worth approximately $1.03 million following the completion of this transaction.

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Also, Davis Jeffrey A. purchased 1,800 shares, netting a total of over 244,794 in proceeds. Following the buying of shares at $136.00 each, the insider now holds 19,047 shares.

Before that, HEINRICH DANIEL J had added 1,000 shares to its account. In a trade valued at $127,850, the Director bought Dollar Tree Inc shares for $127.85 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.66 million.

As published in a research note from Telsey Advisory Group on June 06, 2024, Dollar Tree Inc [DLTR] has been retained to an Outperform and the price target has been revised to $155. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of May 01, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for DLTR. Earlier on April 03, 2024, Gordon Haskett downgraded its rating. Their new recommendation was “a Hold” for DLTR stock which previously was a “a Buy”.

Analyzing DLTR Stock Performance

During the last five days, there has been a surge of approximately 2.77%. Over the course of the year, Dollar Tree Inc shares have dropped approximately -25.17%. Shares of the company reached a 52-week high of $151.21 on 03/05/24 and a 52-week low of $101.85 on 06/26/24. A 50-day SMA is recorded $114.29, while a 200-day SMA reached $123.44. Nevertheless, trading volume fell to 0.97 million shares from 1.95 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 105.00, which, if violated, would cause prices to drop to 104.04. In the upper region, resistance lies at 107.28. The next price resistance is at 108.61. RSI (Relative Strength Index) is 39.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 45.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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