Dollar General Rises On Unusually High Volume (DG)
Dollar General Corporation (NYSE:DG) is trading at unusually high volume Wednesday with 13 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.29 (+3%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Dollar General Corporation (NYSE: DG) is trading at unusually high volume Wednesday with 13 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.29 (+3%) at $44.23 as of 2:46 p.m. ET.
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Dollar General has a market cap of $15.52 billion and is part of the services sector and retail industry. Shares are up 13.2% year to date as of the close of trading on Tuesday. Dollar General Corporation operates as a discount retailer primarily in the southern, southwestern, midwestern, and eastern United States. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Dollar General as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Dollar General Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.