On Wednesday, Dollar Tree (NASDAQ:DLTR) managed to stage a modest rally, edging up to $104.77, yet it remains a far cry from its heyday when it soared to $170.36 on November 15th. In the retail arena, Dollar Tree’s stock performance has been a tad lackluster, falling behind giants like Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT), and Costco Wholesale Corp (NASDAQ:COST).
The trading scene for Dollar Tree on Wednesday saw 2.1 million shares exchanging hands, a tad short of its 50-day average of 2.3 million daily trades. This happened despite the broader market painting a positive picture, with both the S&P 500 Index and Dow Jones Industrial Average enjoying their own upward journeys.
This marks a continuation of Dollar Tree’s recent struggles, with its stock value taking a significant dip from its November pinnacle. As things stand, the company finds itself trailing by $65.59 compared to its peak last year.
While Dollar Tree may have mustered a rally recently, it still lags behind the titans of the retail realm like Amazon.com Inc., Walmart Inc., and Costco Wholesale Corp., which continue to flex their muscles and maintain a robust presence in the stock market arena.