Dollar Tree director Daniel J. Heinrich bought $173,650 of shares as they slipped to a near two-year low.
As Dollar Tree shares slid to nearly a two-year low, a director bought shares of the big discount retailer.
In January, President and CEO Michael Witynski left the company, part of a series of changes initiated by activist investor Mantle Ridge. Dollar Tree management remained upbeat in March, but by May the company missed first-quarter expectations and cut guidance, sending shares sliding. The second quarter, reported in August, also disappointed.
On Sept. 22, Dollar Tree director Daniel J. Heinrich paid $173,650 for 1,650 shares on the open market, an average price of $105.24 each. According to a form he filed with the Securities and Exchange Commission, Heinrich’s transaction was an initial purchase of Dollar Tree stock by a trust he controls. Heinrich owns another 3,575 shares in a personal account.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Updated Tree of Knowledge for Philosophy and ScienceHow to align the Cartesian tree of philosophy with the Tree of Knowledge System.
Read more »
Canadian Dollar looking for upside as US Dollar recedesThe Canadian Dollar (CAD) is seeing minor gains against the US Dollar (USD) on Thursday as the Greenback eases off from recent gains. With Oil barrel
Read more »
McCaskill: 'New Weird Trump' Republicans Bought His Successful Businessman 'Scam'MSNBC contributor Claire McCaskill said on Wednesday on 'Deadline,' that former President Donald Trump's 'new weird' Republican Party bought the 'scam' that he was a successful businessman. | Clips
Read more »
GOP debate: Scott, Ramaswamy get heated over 'bought and paid for' insultWednesday night saw fireworks early on as GOP presidential candidates Senator Tim Scott of South Carolina and Vivek Ramaswamy traded shots over the latter's past debate comments.
Read more »
Jamie Oliver's Store-Bought Garlic Bread Hack Is the Secret to His Weeknight Pasta BakeIt's an easy way to add big flavor.
Read more »
I Bought the TikTok-Viral Buckle Flats & the Compliments Are Rolling InThey’re back in stock.
Read more »