(Finance) – Protagonist Dollar Generalwhich shows an excellent performance, with an increase of 9.31%.
The US discount chain announced that current board member and former CEO Todd Vasos has been named CEO. Vasos, who previously served as CEO from June 2015 to November 2022, has agreed to return to lead the company for the foreseeable future. Vasos succeeds Jeff Owen, whose separation from the company and resignation from the board is now effective.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of distributor of mass consumer products more pronounced than the trend ofS&P-500. This expresses the market’s greater attractiveness towards the stock.
Technical picture evidently deteriorating with controlled supports estimated in the 109.3 USD area. On the upside, however, a polarizing level of greater outflows is seen at 112.8. The worsening of Dollar General it is highlighted by the downward crossing of the 5-day moving average with the 34-day moving average. There are concrete possibilities of new declines for the target at 107.3 very soon.