Dollar Tree – Dollar Tree Inc. stock falls Wednesday, underperforms market
Shares of Dollar Tree Inc.
sank 0.61% to $89.99 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
rising 0.03% to 4,524.09 and the Dow Jones Industrial Average
falling 0.14% to 35,312.53. This was the stock’s second consecutive day of losses. Dollar Tree Inc. closed $30.38 short of its 52-week high ($120.37), which the company achieved on April 6th.
The stock underperformed when compared to some of its competitors Wednesday, as Target Corp.
fell 0.25% to $246.37, Dollar General Corp.
fell 0.10% to $222.69, and Wal-Mart de Mexico S.A.B. de C.V. ADR
fell 0.17% to $35.50. Trading volume (3.0 M) eclipsed its 50-day average volume of 2.6 M.