Dollar General Corporation (DG) Moves Higher on Volume Spike for March 18

Equities Staff  |

Dollar General Corporation (DG) traded on unusually high volume on Mar. 18, as the stock gained 2.32% to close at $116.53. On the day, Dollar General Corporation saw 4.12 million shares trade hands on 30,444 trades. Considering that the stock averages only a daily volume of 2.31 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $121.27 and $86.87 over the last 52-weeks, its 50-day SMA is now $116.13, and its 200-day SMA $107.04. Dollar General Corporation has a P/B ratio of 4.77. It also has a P/E ratio of 19.

A leading American discount retailer, Dollar General operates over 15,000 stores in 44 states, selling branded and private-label products across a wide variety of categories. In fiscal 2017, 77% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 12% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 5% from basic apparel. Stores average roughly 7,400 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people. The company emphasizes value, with more than 80% of its items offered at everyday low prices of $5 or less.

Headquartered in Goodlettsville, TN, Dollar General Corporation has 129,000 employees and is currently under the leadership of CEO Todd J. Vasos.

For a complete fundamental analysis analysis of Dollar General Corporation, check out Equities.com’s Stock Valuation Analysis report for DG.

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To get more information on Dollar General Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: DG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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