10 Firms End Stronger, Buck Muted Broader Market Trading

5. Dollar Tree Inc. (NASDAQ:DLTR)

Dollar Tree saw its share prices grow by 8.10 percent on Thursday—a second straight day—to close at $79.14 apiece following news that its chief finance officer increased his stake in the company.

In recent news, DLTR CFO Stewart Glendinning acquired 17,000 new shares at an average price of $72.83 apiece for approximately $1.24 million. The acquisition raised his direct ownership to 49,353 shares, reflecting strong confidence in the company’s future performance.

In recent news, DLTR divested its struggling business, Family Dollar, for $1 billion, an 88-percent discount from the $8.5 billion it allocated in 2015 to acquire the business.

According to the company, it inked an agreement with Brigade Capital Management and Macellum Capital Management for the sale of Family Dollar to unlock value for its shareholders and position Family Dollar for future success.