Why Dollar General Stock Was Moving Higher Today
Shares of Dollar General (NYSE: DG) were gaining today, seemingly in response to Walmart's announcement that it would have to raise prices due to tariffs.
Over the weekend, President Donald Trump posted on Truth Social, urging Walmart not to blame tariffs for raising prices and telling it to eat the cost of the tariffs.
Walmart initially sold off on the news on Monday morning, though it had recouped those losses by the afternoon session. As of 2:22 p.m. ET today, Dollar General stock was up 4.6% as investors seem to perceive the attention as a positive for the discount retailer.
Source Fool.com
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