Shares of Dollar General Corporation (DG) Sees Large Outflow of Money

Dollar General Corporation (DG) : The total money flow in Dollar General Corporation (DG) was negative ($2.34 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $17.6 million. Transactions on upticks were comparatively lower at $15.26 million. The uptick to downtick ratio was 0.87. The total block trades done on upticks were valued at $1.9 million. The total block trades on downticks were valued at $1.33 million. The uptick to the downtick ratio of block trades was 1.43. The money flow during block trades was negative ($0.57 million) when the stock traded with a gain of $58 cent. Dollar General Corporation (DG) was $93.73, an increase of 0.62% over the previous days close.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Dollar General Corporation (NYSE:DG). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $98 per share to $107 per share. The rating by the firm was issued on June 6, 2016.

Dollar General Corporation (NYSE:DG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.50 and $93.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $93.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $93.82, notching a gain of 0.72% for the day. The total traded volume was 1,684,731 . The stock had closed at $93.15 on the previous day.

The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 4.95%. In a related news, The officer (SVP & Chief Accounting Officer), of Dollar General Corp, Elliott Anita C had unloaded 2,947 shares at $91.11 per share in a transaction on June 3, 2016. The total value of transaction was $268,501. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Home products includes kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. Apparel includes casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11,879 stores located in over 43 states.

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