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Why Dollar General Rallied 18.5% in March, Even As Markets Crashed
Shares of Dollar General (NYSE: DG) rallied 18.5% in March, according to data from S&P Global Market Intelligence.The move for the beaten-down retailer was all the more surprising given that the overall S&P 500 Index was down 5.6% during the month. Dollar General benefited from a number of unique things during March. One, the stock was already significantly below its all-time high, having run into trouble over the past few years. So it was a very cheap name already, whereas the market had been hovering near all-time highs as of mid-February.Continue reading
Shares of Dollar General (NYSE: DG) rallied 18.5% in March, according to data from S&P Global Market Intelligence.
The move for the beaten-down retailer was all the more surprising given that the overall S&P 500 Index was down 5.6% during the month.
Dollar General benefited from a number of unique things during March. One, the stock was already significantly below its all-time high, having run into trouble over the past few years. So it was a very cheap name already, whereas the market had been hovering near all-time highs as of mid-February.
