Does anyone know what caused the drop in Family Dollar today?
There was also a large drop in Dollar Tree (DLTR), even after reporting terrific sales/earnings. I think some of these stocks were a bit overextended and due for a correction. Traders just bought on the rumor and sold on the news. And I agree with the previous answer. I dont’ see things gettng better for quite awhile with the unemployment rate being so high now, and I think many people will continue to shop in the better dollar stores.
