10 Stocks Jump, Defy Market Uncertainties on Thursday

4. Dollar Tree Inc. (NASDAQ:DLTR)

Dollar Tree rose for a second day on Thursday, adding 11.18 percent to its valuation to end at $76.95 apiece as investors resumed bargain-hunting following announcements that it was divesting its struggling business unit for $1 billion.

According to the company, it inked an agreement with Brigade Capital Management and Macellum Capital Management for the sale of Family Dollar for $1 billion. Albeit an 88-percent discount from the $8.5 billion it allocated in 2015 to acquire the business, the sale is expected to unlock value for DLTR shareholders and position Family Dollar for future success.

“Under the experienced, dynamic leadership of Family Dollar President Jason Nordin, and with the financial support of Brigade and Macellum, Family Dollar will be well-positioned for growth as a private company. With the support of a dedicated team, Family Dollar will be able to strengthen its commitment to providing affordable and essential goods to customers so they can do more with less,” said DLTR CEO Mike Creedon.

The transaction is expected to close in the second quarter of the year.