Dollar Tree (NASDAQ:DLTR) : Traders are bullish on Dollar Tree (NASDAQ:DLTR) as it has outperformed the S&P 500 by a wide margin of 2.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.39% in the last 1 week, and is up 4.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.80% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $96.00 and the one year low was seen on Oct 14, 2015. The 50-Day Moving Average price is $90.26 and the 200 Day Moving Average price is recorded at $82.04.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 9.79%.
Dollar Tree (NASDAQ:DLTR): stock turned positive on Friday. Though the stock opened at $95.45, the bulls momentum made the stock top out at $96 level for the day. The stock recorded a low of $94.75 and closed the trading day at $95.08, in the green by 0.48%. The total traded volume for the day was 2,078,922. The stock had closed at $94.63 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Witynski Michael A., officer (Chief Operating Officer) of Dollar Tree Inc, had unloaded 4,964 shares at an average price of $90.68 in a transaction dated on June 1, 2016. The total value of the transaction was worth $450,136.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. As of July 06, 2015, the Company operated more than 13,600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar. Dollar Trees consumable merchandise includes candy and food health and beauty care and everyday consumables, such as paper and chemicals, and in select stores frozen and refrigerated food. The Companys variety merchandise includes toys, durable housewares, gifts, party goods, greeting cards, softlines and other items. Its seasonal goods include Valentines Day, Easter, Halloween and Christmas merchandise.