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Should You Buy Dollar Tree Inc (DLTR) Stock After it Has Gained 7.62% in a Week?

Monday, April 01, 2024 03:26 PM | InvestorsObserver Analysts

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Should You Buy Dollar Tree Inc (DLTR) Stock After it Has Gained 7.62% in a Week?

The market has been high on Dollar Tree Inc (DLTR) stock recently. DLTR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DLTR Stock Today?

Dollar Tree Inc (DLTR) stock has gained 1.61% while the S&P 500 has fallen -0.31% as of 3:22 PM on Monday, Apr 1. DLTR is up $2.14 from the previous closing price of $133.15 on volume of 1,951,124 shares. Over the past year the S&P 500 is up 27.00% while DLTR has fallen -8.59%. DLTR lost -$4.55 per share in the over the last 12 months.

More About Dollar Tree Inc

Dollar Tree operates discount stores in the U.S. and Canada, including 8,647 shops under its namesake banner and 8,016 Family Dollar units (as of the end of fiscal 2021). The eponymous chain features branded and private-label goods, generally at a $1.25 price. Around 45% of Dollar Tree stores' fiscal 2021 sales came from consumables (including food, health and beauty, and household paper and cleaning products), nearly 50% from variety items (including toys and housewares), and just over 5% from seasonal goods. Family Dollar features branded and private-label goods at prices generally ranging from $1 to $10, with over 76% of fiscal 2021 sales from consumables, 9% from seasonal/electronic items (including prepaid phones and toys), 8% from home products, and 6% from apparel and accessories. Click Here to get the full Stock Report for Dollar Tree Inc stock.

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