Dollar Tree stock up 14% after activist investor acquires a $1.8 billion stake: here is where to buy it

on Nov 16, 2021
  • Dollar Tree stock is up +16.15 (14.28%) today.
  • Activist investor Mantle Ridge has invested in Dollar Tree to drive changes at the store.
  • Here is a brief guide on the best places to buy Dollar Tree stock.

The Dollar Tree stock (NASDAQ: DLTR) has been on an exponential rise since September 24 this year after taking a sharp dive towards the end of August. In the last month, the stock has moved up +28.28 (28.01%).

The bull trend has received a big boost after an activist investor by the name of Mantle Ridge acquired a $1.8 billion stock in the company to effect some changes the investor believes will propel the store to greater heights.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

To help stock traders eying the Dollar Tree stock, Invezz has created a brief article on what it is and the best places to buy it.

To find out more, please continue reading.

Best places to buy the Dollar Tree stock


eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.

Register with eToro instantly

IG Markets

The world-leading online trading and investments provider giving clients access to opportunities across thousands of financial markets through our intuitive platforms and apps.

Register with IG Markets instantly

What is Dollar Tree stock?

Dollar Tree stock is the stock of Dollar Tree Discount Store Company and it trades on NASDAQ under the symbol NASDAQ: DLTR.

The Dollar Tree was formerly known as the Only $1.00 and it is an American-based chain of discount stores. It is headquartered in Chesapeake, Virginia and it operates over 15K stores spread across the US and Canada.

In September this year, Dollar Tree announced that it would start selling items priced above $1 something the activist investor who just bought a $1.8 billion stake in the company is vouching for.

Should I buy the NASDAQ: DLTR stock today?

The NASDAQ: DLTR is one among the few store stocks that have shown great prospects of high returns in the future owing to its continued price rise and promising growth prospects. Therefore, it is a fantastic stock to buy.

DLTR stock price prediction

The DLTR stock is expected to continue with its bullish trend especially after the activist investor invested billions into the company to ensure the store starts selling items worth more than $1.

$DLTR stock social media coverage

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro.

68% of retail CFD accounts lose money