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Dollar Tree Stock Headed for Worst Day on Record
DLTRDollar Tree(DLTR) Schaeffers Investment Research·2024-09-04 15:01

Shares of Dollar Tree Inc (NASDAQ:DLTR) are down 21.3% at 64.25atlastglance,andheadedfortheirlargestsingle−daypercentagedroponrecord,afterthediscountretailer′ssecond−quarterearningsandrevenuemissedestimates.Thecompanyalsoslasheditsfull−yearforecast,citingweakerdemand.Ontrackforitsninth−straightdailyloss,DLTRisgappingtoitslowestlevelssinceMarch2020.Supportatthe64.25 at last glance, and headed for their largest single-day percentage drop on record, after the discount retailer's second-quarter earnings and revenue missed estimates. The company also slashed its full-year forecast, citing weaker demand. On track for its ninth-straight daily loss, DLTR is gapping to its lowest levels since March 2020. Support at the 60 region lingers below, however. Since the start of 2024, the equity is down roughly 54%. Ove ...