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Dollar Tree Inc (DLTR) receives a Sector weight rating from KeyBanc Capital Markets

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 $0.63 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 $1.22 million.

KeyBanc Capital Markets downgraded its Dollar Tree Inc [DLTR] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Market perform”. Bernstein began covering DLTR with “Mkt perform” recommendation on October 22, 2024. Telsey Advisory Group maintained its rating on September 05, 2024. It rated DLTR as “an Outperform”.

Price Performance Review of DLTR

On Friday, Dollar Tree Inc [NASDAQ:DLTR] saw its stock fall -2.24% to $64.20. Over the last five days, the stock has gained 4.54%. Dollar Tree Inc shares have fallen nearly -54.80% since the year began. Nevertheless, the stocks have fallen -45.92% over the past one year. While a 52-week high of $151.21 was reached on 03/05/24, a 52-week low of $60.49 was recorded on 11/12/24. SMA at 50 days reached $67.95, while 200 days put it at $104.88.

Levels Of Support And Resistance For DLTR Stock

The 24-hour chart illustrates a support level at 63.40, which if violated will result in even more drops to 62.60. On the upside, there is a resistance level at 65.69. A further resistance level may holdings at 67.19. The Relative Strength Index (RSI) on the 14-day chart is 44.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.45%. Stochastics %K at 45.72% 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 2024-10-31, growing by 0.28 million shares to a total of 12.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.77 million shares. There was a rise of 2.31%, which implies that there is a positive sentiment for the stock.

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