Dollar General Corporation (DG) Moves Higher on Volume Spike for June 19

Dollar General Corporation is a Operates as a discount retailer Last Price $ 71.70 Last Trade Jun/19 – 16:02 Change $ 1.58 Change Percent 2.25 % Open $ 70.83 Prev Close $ 70.12 High $ 72.24 low $ 69.91 52 Week High $ 96.88 52 Week Low $ 65.97 Market Cap 19,661,941,463 PE Ratio 3.56 Volume 6,080,265 Exchange NYE

Dollar General Corporation (DG) traded on unusually high volume on Jun. 19, as the stock gained 2.25% to close at $71.70. On the day, Dollar General Corporation saw 6 million shares trade hands on 33,417 trades. Considering that the stock averages only a daily volume of 3.26 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 $96.88 and $65.97 over the last 52-weeks, its 50-day SMA is now $72.42, and its 200-day SMA $72.39. Dollar General Corporation has a P/B ratio of 3.56. It also has a P/E ratio of 15.9.

Dollar General Corp is a discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel.

Headquartered in Goodlettsville, TN, Dollar General Corporation has 121,000 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.

Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Source Article