- Dollar Tree (DLTR) rises 10.58% today reaching maximums not seen since February 20 at $ 76.93.
- DLTR agreed to the sale of Family Dollar to Brigade Capital Management and Macellum Capital for one billion dollars.
Dollar Tree (DLTR) values marked a minimum of the day at $ 70.06, attracting aggressive buyers that boosted the price of maximum action of more than one in 76.93 $. Currently, DLTR operates over $ 76.80, earning 10.87% on Thursday.
Dollar Tree investors see the sale of family dollar with good
The Dollar Tree (DLTR) discount chain has announced the sale of the Dollar Business Family Unit to Private Capital Brigade Capital Management and Macellum Capital Management in one billion dollars.
This operation is presented after the failed integration of Family Dollar in 2015, when it was acquired by Dollar Tree for an amount close to 8.5 billion dollars.
On the other hand, Dollar Tree (DLTR) announced its quarterly report, obtaining revenues of 5 billion dollars compared to the 8,4 billion dollars projected by the market, as well as a gain per share of 2.11 $, below the 2,203 estimated by the analysts.
After this news, DLTR titles have a 10.65% gain which today, reaching maximums of more than a month not seen since February 20 at $ 76.93, whose signing its second consecutive day upwards.
Dollar Tree technical levels
DLTR shares reacted upwards from a short -term support given by the minimum of March 12 in $ 61,83. The next key support is observed at $ 60.52, minimum of November 6. Upwards, the key resistance is found at $ 79.80, pivot point of February 20.
4 -hour DLTR graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
