Dollar Tree Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Dollar Tree Inc. (DLTR) slipped 1.46% to $150.14 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. This was the stock's second consecutive day of losses. Dollar Tree Inc. closed $27.05 below its 52-week high ($177.19), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Target Corp. (TGT) rose 3.52% to $163.41, Dollar General Corp. (DG) fell 0.44% to $256.33, and Wal-Mart de Mexico S.A.B. de C.V. ADR (WALMEX.MX) rose 1.44% to $38.77. Trading volume (2.7 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 16:30 ET (21:30 GMT)
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