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Monday inspired hope for bulls with a strong rally that faded during the week, culminating in Friday's even stronger sell-off. Two big culprits behind the selling action: continued weakness in the A.I.
Roughly a decade ago, both Dollar Tree Inc. and archrival Dollar General Corp. were bidding for Family Dollar as the rapidly growing dollar-chain industry opened lots of new stores. When Dollar Tree DLTR finally closed on that bid in the summer of 2015, executives described the $8.5 billion deal as a “transformational opportunity” to sell more products in more places to more low-income consumers.
The stock of Dollar Tree, Inc. DLTR is trading lower Friday. This follows yesterday's gain of more than 11%.
Dollar Tree NASDAQ: DLTR just basked in the sun for the first time in a long time. On Mar. 27, shares of Dollar Tree rose by over 11%.
Despite missing top and bottom-line expectations, Dollar Tree (DLTR) shares have soared +13% since reporting its Q4 results on Wednesday with investors applauding the company's decision to sell its ailing Family Dollar business.
Shares of Dollar Tree were higher after analysts reacted to the sale of Family Dollar and fourth-quarter results.
Dollar Tree Inc DLTR were rising after the company reported better-than-expected earnings for the fourth quarter and reached an agreement to sell its Family Dollar business.
Dollar Tree Inc DLTR posted better-than-expected fourth-quarter FY24 earnings on Wednesday.
Market Domination anchors Julie Hyman and Josh Lipton break down the market moves for March 26, 2025. Markets drop ahead of the closing bell as Trump is set to announce auto tariffs, plus how investors should be positioned amid volatility.
After years of struggling with the complexities of a merger that saw the combination of two major discount retailers a decade ago, Dollar Tree has decided to cut ties with Family Dollar.