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 $0.61 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 $1.19 million.
As published in a research note from Telsey Advisory Group on November 05, 2024, Dollar Tree Inc [DLTR] has been rated down from an Outperform to a Market perform and the price target has been revised to $75 from $95. Analysts at Bernstein started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late October. As of September 05, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for DLTR. Earlier on September 05, 2024, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for DLTR stock which previously was a “a Buy”.
Analyzing DLTR Stock Performance
During the last five days, there has been a drop of approximately -1.42%. Over the course of the year, Dollar Tree Inc shares have dropped approximately -56.06%. Shares of the company reached a 52-week high of $151.21 on 03/05/24 and a 52-week low of $60.52 on 11/06/24. A 50-day SMA is recorded $69.96, while a 200-day SMA reached $107.30. Nevertheless, trading volume fell to 9.81 million shares from 6.03 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 60.46, which, if violated, would cause prices to drop to 58.50. In the upper region, resistance lies at 64.43. The next price resistance is at 66.44. RSI (Relative Strength Index) is 32.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 80.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
