Dollar Tree Inc. Stock Underperforms Wednesday When Compared To Competitors

BlackRock Corporate High Yield Fund, Inc

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BlackRock Corporate High Yield Fund, Inc. (the Trust) is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income. Its secondary investment objective is to provide shareholders with capital appreciation. It seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated at the time of investment to be below investment grade or, if unrated, are considered by the investment adviser to be of comparable quality. It may invest directly in fixed income securities or synthetically through the use of derivatives. It invests approximately 80% of its net assets (including assets acquired from the sale of preferred stock), plus the amount of any borrowings for investment purposes, in high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities. BlackRock Advisors, LLC is the investment advisor of the Trust.

Dollar Tree Inc. Stock Underperforms Wednesday When Compared To Competitors

4:30 pm ET June 15, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Dollar Tree Inc. (DLTR) slumped 0.95% to $154.54 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.46% to 3,789.99 and the Dow Jones Industrial Average rising 1.00% to 30,668.53. Dollar Tree Inc. closed $22.65 below its 52-week high ($177.19), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Wednesday, as Target Corp. (TGT) rose 3.32% to $147.44, Dollar General Corp. (DG) rose 0.97% to $232.25, and Wal-Mart de Mexico S.A.B. de C.V. ADR (WALMEX.MX) rose 5.00% to $33.93. Trading volume (1.6 M) remained 960,983 below its 50-day average volume of 2.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 15, 2022.

(END) Dow Jones Newswires

June 15, 2022 16:30 ET (20:30 GMT)