Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dollar General Corp. shares valued at $174,195 were sold by Deckard Steven R on Sep 18 ’24. At $86.66 per share, Deckard Steven R sold 2,010 shares. The insider’s holdings dropped to 2,887 shares worth approximately $0.24 million following the completion of this transaction.
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Also, STEVEN DECKARD purchased 2,010 shares, netting a total of over 174,195 in proceeds.
Before that, West Roderick J had sold 2,510 shares from its account. In a trade valued at $208,960, the EVP, Global Supply Chain traded Dollar General Corp. shares for $83.25 each. Upon closing the transaction, the insider’s holdings decreased to 2,510 shares, worth approximately $0.76 million.
As published in a research note from Citigroup on September 27, 2024, Dollar General Corp. [DG] has been rated down from a Neutral to a Sell and the price target has been revised to $73 from $91. Analysts at Telsey Advisory Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late August. As of August 30, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for DG. Earlier on August 30, 2024, Gordon Haskett downgraded its rating. Their new recommendation was “a Hold” for DG stock which previously was a “a Buy”.
Analyzing DG Stock Performance
During the last five days, there has been a surge of approximately 0.63%. Over the course of the year, Dollar General Corp. shares have dropped approximately -39.36%. Shares of the company reached a 52-week high of $168.07 on 03/14/24 and a 52-week low of $77.96 on 09/05/24. A 50-day SMA is recorded $98.79, while a 200-day SMA reached $128.45. Nevertheless, trading volume fell to 3.36 million shares from 3.78 million shares the previous day.
Support And Resistance Levels for Dollar General Corp. (DG)
According to the 24-hour chart, there is a support level at 82.01, which, if violated, would cause prices to drop to 81.59. In the upper region, resistance lies at 82.86. The next price resistance is at 83.29. RSI (Relative Strength Index) is 34.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 82.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
