Dollar Tree Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Dollar Tree Inc. (DLTR) slipped 3.85% to $154.88 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a four-day winning streak. Dollar Tree Inc. closed $22.31 below its 52-week high ($177.19), which the company reached on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Target Corp. (TGT) fell 5.34% to $152.99, Dollar General Corp. (DG) fell 3.44% to $242.36, and Wal-Mart de Mexico S.A.B. de C.V. ADR (WALMEX.MX) fell 2.17% to $37.71. Trading volume (2.1 M) remained 282,692 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 16:30 ET (21:30 GMT)
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