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How Will the Market React to Dollar General Corp (DG) Stock Getting a Bearish Rating

Wednesday, August 23, 2023 02:43 PM | InvestorsObserver Analysts

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How Will the Market React to Dollar General Corp (DG) Stock Getting a Bearish Rating

The market has been down on Dollar General Corp (DG) stock recently. DG gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Dollar General Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DG!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DG Stock Today?

Dollar General Corp (DG) stock has fallen -0.46% while the S&P 500 has gained 1.04% as of 2:35 PM on Wednesday, Aug 23. DG is down -$0.74 from the previous closing price of $159.83 on volume of 1,514,392 shares. Over the past year the S&P 500 is up 7.14% while DG is down -36.04%. DG earned $10.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.97. To screen for more stocks like Dollar General Corp click here.

More About Dollar General Corp

A leading American discount retailer, Dollar General operates over 18,000 stores in 47 states, selling branded and private-label products across a wide variety of categories. In fiscal 2021, 77% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 12% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 7% from home products (for example, kitchen supplies, small appliances, and cookware), and 4% from basic apparel. Stores average roughly 7,400 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people. The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less. Click Here to get the full Stock Report for Dollar General Corp stock.

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