Dollar Tree – Dollar Tree Inc. stock underperforms Thursday when compared to competitors despite daily gains
Shares of Dollar Tree Inc.
inched 0.94% higher to $89.27 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.16% to 4,473.75 and Dow Jones Industrial Average
falling 0.18% to 34,751.32. This was the stock’s second consecutive day of gains. Dollar Tree Inc. closed $31.10 below its 52-week high ($120.37), which the company reached on April 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Target Corp.
rose 1.15% to $246.95, Dollar General Corp.
rose 2.12% to $221.56, and Wal-Mart de Mexico S.A.B. de C.V. ADR
fell 0.64% to $35.73. Trading volume (3.9 M) eclipsed its 50-day average volume of 2.7 M.