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Analyzing Dollar General Corp. (DG) After Recent Trading Activity

In a filing, Dollar General Corp. revealed its EVP, Store Ops & Development Deckard Steven R unloaded Company’s shares for reported $0.17 million on Sep 18 ’24. In the deal valued at $86.66 per share,2,010 shares were sold. As a result of this transaction, Deckard Steven R now holds 2,887 shares worth roughly $0.24 million.

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Then, STEVEN DECKARD bought 2,010 shares, generating $174,195 in total proceeds.

Before that, West Roderick J sold 2,510 shares. Dollar General Corp. shares valued at $208,960 were divested by the EVP, Global Supply Chain at a price of $83.25 per share. As a result of the transaction, West Roderick J now holds 9,163 shares, worth roughly $0.77 million.

Citigroup downgraded its Dollar General Corp. [DG] rating to a Sell from a a Neutral in a research note published on September 27, 2024; the price target was decreased to $73 from $91. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering DG and has decreased its forecast on August 30, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Gordon Haskett revised its rating on August 30, 2024. It rated DG as “a Hold” which previously was an “a Buy”.

Price Performance Review of DG

On Monday, Dollar General Corp. [NYSE:DG] saw its stock fall -0.06% to $84.30. Over the last five days, the stock has lost -0.32%. Dollar General Corp. shares have fallen nearly -37.99% since the year began. Nevertheless, the stocks have fallen -20.76% over the past one year. While a 52-week high of $168.07 was reached on 03/14/24, a 52-week low of $77.96 was recorded on 09/05/24. SMA at 50 days reached $100.97, while 200 days put it at $129.16.

Levels Of Support And Resistance For DG Stock

The 24-hour chart illustrates a support level at 83.23, which if violated will result in even more drops to 82.15. On the upside, there is a resistance level at 85.23. A further resistance level may holdings at 86.15. The Relative Strength Index (RSI) on the 14-day chart is 37.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.07%. Stochastics %K at 33.67% indicates the stock is a holding.

How much short interest is there in Dollar General Corp.?

A steep rise in short interest was recorded in Dollar General Corp. stocks on 2024-09-13, growing by 0.47 million shares to a total of 7.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.77 million shares. There was a rise of 6.47%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 31, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $168.

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