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 $150,194 were purchased by HEINRICH DANIEL J on Sep 06 ’24. At $68.27 per share, HEINRICH DANIEL J acquired 2,200 shares. The insider’s holdings grew to 9,823 shares worth approximately $0.65 million following the completion of this transaction.
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Also, Aflatooni Robert sold 827 shares, netting a total of over 87,315 in proceeds. Following the sale of shares at $105.58 each, the insider now holds 9,725 shares.
Before that, Davis Jeffrey A. had added 1,800 shares to its account. In a trade valued at $244,794, the Chief Financial Officer bought Dollar Tree Inc shares for $136.00 each. Upon closing the transaction, the insider’s holdings increased to 1,800 shares, worth approximately $1.26 million.
As published in their initiating research note from Bernstein on October 22, 2024, Dollar Tree Inc [DLTR] has been a Mkt perform and the price target has been revised to $76. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early September. As of September 05, 2024, Loop Capital has decreased its “Buy” rating to a “Hold” for DLTR. Earlier on September 05, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for DLTR stock which previously was a “an Outperform”.
Analyzing DLTR Stock Performance
During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, Dollar Tree Inc shares have dropped approximately -53.45%. Shares of the company reached a 52-week high of $151.21 on 03/05/24 and a 52-week low of $60.81 on 09/04/24. A 50-day SMA is recorded $76.36, while a 200-day SMA reached $110.74. Nevertheless, trading volume fell to 3.47 million shares from 3.25 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 65.52, which, if violated, would cause prices to drop to 64.91. In the upper region, resistance lies at 66.86. The next price resistance is at 67.60. RSI (Relative Strength Index) is 33.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.55, which suggests the price will decrease in the coming days. Percent R is at 83.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
