NEW YORK, NY / ACCESSWIRE / November 30, 2018 / U.S. markets closed lower on Thursday as investors await details from this weekend's trade meeting between President Trump and Chinese President Xi Jinping. The Dow Jones Industrial Average fell 0.11 percent to close at 25,338.84, while the S&P 500 Index decreased 0.22 percent to close at 2,737.76. The Nasdaq Composite Index fell 0.25 percent to close at 7,273.08.
The Market Edge Initiates Coverage on:
Dollar Tree, Inc.
Dollar Tree's stock jumped 6.13% Thursday, to close the day at $88.43. The stock recorded a trading volume of 12,183,630 shares, which was above its three months average volume of 4,154,060 shares. In the last year, Dollar Tree's shares have traded in a range of 78.78 - 116.65. The share price has gained 12.25% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $84.16 is below its 200-day moving average of $86.71. Shares of the company are trading at a Price to Earnings ratio of 12.30. Shares of Dollar Tree have gained roughly 5.54 percent in the past month and are down 17.59 percent year-to-date.
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On Thursday, shares of Target recorded a trading volume of 6,718,379 shares, which was above the three months average volume of 5,169,635 shares. The stock ended the day 0.99% lower at $71.17. The share price has fallen 21.26% from its 52
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