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Shares of Dollar Tree Inc . (NASDAQ:) experienced a rally on Wednesday, reaching $104.77, yet they remain significantly below their November 15th high of $170.36. The company’s stock underperformed against retail giants Amazon.com Inc (NASDAQ:)., Walmart (NYSE:) Inc., and Costco Wholesale Corp (NASDAQ:).
The trading volume for Dollar Tree on Wednesday was 2.1 million, falling short of its 50-day average of 2.3 million shares traded per day. This occurred despite the wider market showing a positive trend, with both the and experiencing rises.
This comes after a period of decline for Dollar Tree’s shares, which have seen a significant drop from their November high. This drop in share value places the company at a $65.59 disadvantage compared to its peak last year.
Despite the recent rally, Dollar Tree continues to lag behind other retail leaders such as Amazon.com Inc., Walmart Inc., and Costco Wholesale Corp., which have maintained a stronger performance in the stock market.
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