Dollar Tree stock rises 1.47% to $97.11, outperforming competitors
Updated
Updated · MarketWatch · Apr 30
Dollar Tree stock rises 1.47% to $97.11, outperforming competitors
11 articles · Updated · MarketWatch · Apr 30
The gain came as the S&P 500 rose 1.02% to 7,209.01 and the Dow added 1.62% to 49,652.14 in a broadly positive session.
Dollar Tree still closed 31.8% below its 52-week high of $142.40 reached on 15 January.
Among peers, Amazon gained 0.77%, Walmart 3.06% and Costco 1.59%, while Dollar Tree trading volume of 3.2 million was slightly below its 50-day average.
After closing 1,000 stores, can Dollar Tree's risky acquisition of a bankrupt rival actually pay off?
As a K-shaped economy strains its core customers, can Dollar Tree's bet on affluent shoppers succeed?