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Should You Buy Dollar Tree Inc (DLTR) Stock on Friday?

Friday, May 26, 2023 02:17 PM | InvestorsObserver Analysts

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Should You Buy Dollar Tree Inc (DLTR) Stock on Friday?

Overall market sentiment has been down on Dollar Tree Inc (DLTR) stock lately. DLTR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Dollar Tree Inc has a Bearish 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. 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 DLTR Stock Today?

Dollar Tree Inc (DLTR) stock is trading at $141.59 as of 2:08 PM on Friday, May 26, a gain of $4.93, or 3.6% from the previous closing price of $136.66. The stock has traded between $134.59 and $142.38 so far today. Volume today is above average. So far 2,908,489 shares have traded compared to average volume of 1,969,431 shares. To screen for more stocks like Dollar Tree Inc click here.

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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