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Is it Time to Dump Dollar General Corp. (DG) Stock After it Is Up 1.57% in a Week?

Thursday, July 08, 2021 03:38 PM | InvestorsObserver Analysts

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Is it Time to Dump Dollar General Corp. (DG) Stock After it Is Up 1.57% in a Week?

Overall market sentiment has been high on Dollar General Corp. (DG) stock lately. DG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DG Stock Today?

Dollar General Corp. (DG) stock is trading at $219.79 as of 1:20 PM on Thursday, Jul 8, a loss of -$1.74, or -0.79% from the previous closing price of $221.53. The stock has traded between $218.75 and $221.92 so far today. Volume today is below average. So far 698,959 shares have traded compared to average volume of 1,955,549 shares.

To see InvestorsObserver's Sentiment Score for Dollar General Corp. click here.

More About Dollar General Corp.

A leading American discount retailer, Dollar General operates over 17,000 stores in 46 states, selling branded and private-label products across a wide variety of categories. In fiscal 2020, more than 76% 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 5% 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 more than 80% of its items sold at everyday low prices of $5 or less.

Click Here to get the full Stock Score Report on Dollar General Corp. (DG) Stock.

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