Dollar Tree Stock: Could Cutting Losses on Its Decade-Old Gamble Reignite Shares?

Right now, Dollar Tree (NASDAQ: DLTR) shares are trading so low it feels like going to the $0.99 store and buying them off the shelf wouldn't be out of the question.In all seriousness, its stock trades for much more than a dollar, but Dollar Tree has had a horrendous 2024. Shares are down 50% year-to-date, now trading in the low $70 per share range and 52% below their 52-week high. With the company saying it is currently "navigating through one of the most challenging macro environments" in its history, it's hard to see any light on the horizon. However, a big announcement back in June gives hope that Dollar Tree could turn around its floundering business over the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool