Overall market sentiment has been high on Dollar General Corp (DG) stock lately. DG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Dollar General Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DG!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DG Stock Today?
Dollar General Corp (DG) stock is trading at $164.27 as of 11:30 AM on Wednesday, Jun 14, a rise of $4.19, or 2.62% from the previous closing price of $160.08. The stock has traded between $161.82 and $164.65 so far today. Volume today is less active than usual. So far 2,432,103 shares have traded compared to average volume of 3,419,215 shares.
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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.
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