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Dollar Tree Inc [DLTR] Investment Appeal on the Rise

In a filing, Dollar Tree Inc revealed 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 $0.65 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 $1.27 million.

Bernstein initiated its Dollar Tree Inc [DLTR] rating to a Mkt perform in a research note published on October 22, 2024; the price target was $76. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early September has reiterated a ‘”an Outperform”‘ rating for it. Loop Capital also remained covering DLTR and has decreased its forecast on September 05, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets revised its rating on September 05, 2024. It rated DLTR as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of DLTR

On Friday, Dollar Tree Inc [NASDAQ:DLTR] saw its stock jump 3.03% to $66.60. Over the last five days, the stock has gained 0.23%. Dollar Tree Inc shares have fallen nearly -53.12% since the year began. Nevertheless, the stocks have fallen -40.26% 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 $71.82, while 200 days put it at $108.28.

Levels Of Support And Resistance For DLTR Stock

The 24-hour chart illustrates a support level at 64.53, which if violated will result in even more drops to 62.46. On the upside, there is a resistance level at 67.70. A further resistance level may holdings at 68.80. The Relative Strength Index (RSI) on the 14-day chart is 43.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.35%. Stochastics %K at 29.81% indicates the stock is a holding.

How much short interest is there in Dollar Tree Inc?

A steep rise in short interest was recorded in Dollar Tree Inc stocks on 2024-10-15, dropping by -1.86 million shares to a total of 11.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.29 million shares. There was a decline of -16.26%, which implies that there is a negative sentiment for the stock.

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