Dollar Tree Inc’s recently made public that its Director HEINRICH DANIEL J acquired Company’s shares for reported $0.15 million on Sep 06 ’24. In the deal valued at $68.27 per share,2,200 shares were bought. As a result of this transaction, HEINRICH DANIEL J now holds 9,823 shares worth roughly $0.7 million.
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Then, Aflatooni Robert sold 827 shares, generating $87,315 in total proceeds. Upon selling the shares at $105.58, the Chief Information Officer now owns 9,725 shares.
Before that, Davis Jeffrey A. bought 1,800 shares. Dollar Tree Inc shares valued at $244,794 were divested by the Chief Financial Officer at a price of $136.00 per share. As a result of the transaction, Davis Jeffrey A. now holds 19,047 shares, worth roughly $1.35 million.
Telsey Advisory Group reiterated its Dollar Tree Inc [DLTR] rating to an Outperform in a research note published on September 05, 2024; the price target was $95. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Hold”. BMO Capital Markets also remained covering DLTR and has decreased its forecast on September 05, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on September 04, 2024. It rated DLTR as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of DLTR
On Friday, Dollar Tree Inc [NASDAQ:DLTR] saw its stock jump 2.63% to $70.90. Over the last five days, the stock has lost -3.04%. Dollar Tree Inc shares have fallen nearly -50.09% since the year began. Nevertheless, the stocks have fallen -32.33% over the past one year. While a 52-week high of $151.21 was reached on 03/05/24, a 52-week low of $60.81 was recorded on 09/04/24. SMA at 50 days reached $84.27, while 200 days put it at $115.28.
Levels Of Support And Resistance For DLTR Stock
The 24-hour chart illustrates a support level at 69.92, which if violated will result in even more drops to 68.94. On the upside, there is a resistance level at 71.75. A further resistance level may holdings at 72.60. The Relative Strength Index (RSI) on the 14-day chart is 40.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.21%. Stochastics %K at 17.36% indicates the stock is a buying.
How much short interest is there in Dollar Tree Inc?
A steep rise in short interest was recorded in Dollar Tree Inc stocks on 2024-09-13, growing by 3.99 million shares to a total of 13.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.3 million shares. There was a rise of 30.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 30, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $120.
