Family Dollar Stores Rises On Unusually High Volume (FDO)

Family Dollar Stores (NYSE:FDO) is trading at unusually high volume Wednesday with 3.5 million shares changing hands. It is currently at 2.8 times its average daily volume and trading up $2.14 (+3.4%).
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Family Dollar Stores

(NYSE:

FDO

) is trading at unusually high volume Wednesday with 3.5 million shares changing hands. It is currently at 2.8 times its average daily volume and trading up $2.14 (+3.4%) at $66.09 as of 10:36 a.m. ET.

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Family Dollar Stores has a market cap of $7.39 billion and is part of the services sector and retail industry. Shares are up 0.9% year to date as of the close of trading on Tuesday.

Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the United States.

TheStreet Ratings rates

Family Dollar Stores

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Family Dollar Stores Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

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.

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