Shares of discount retailer Dollar Tree Inc (NASDAQ:DLTR) are 4% higher in premarket trading, looking to open just below $70 after it announced CEO Rick Dreiling will step down after two years in the position.
Dollar Tree (DLTR) shares jumped Tuesday morning on news that the discount retailer is beginning the search for a new CEO.
Dollar Tree (DLTR) shares moved higher ahead of Tuesday's opening bell after the discount retailer reiterated its fiscal third-quarter outlook and said its chief executive officer was stepping down.
Dollar Tree, Inc. (NASDAQ:DLTR) chairman and chief executive officer Rick Dreiling has left the group with immediate effect, with the company saying it continues to examine a potential sale or spin-off of its Family Dollar chain. Chief operating officer Mike Creedon appointed as interim CEO and lead independent director Ned Kelly III has also been elected chairman.
Dollar Tree Inc. on Monday said that Rick Dreiling has stepped down as chief executive of the discount retailer due to health reasons.
Dollar Tree said on Monday that Rick Dreiling has stepped down from his position as chairman and chief executive officer, effective Nov. 3.
In the latest trading session, Dollar Tree (DLTR) closed at $63.31, marking a -1.84% move from the previous day.
In the closing of the recent trading day, Dollar Tree (DLTR) stood at $66.97, denoting a +1.27% change from the preceding trading day.
Dollar Tree (DLTR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw Dollar Tree (DLTR) settling at $68.20, representing a +0.5% change from its previous close.
In the most recent trading session, Dollar Tree (DLTR) closed at $67.86, indicating a -0.24% shift from the previous trading day.
Dollar Tree (DLTR) closed at $68.94 in the latest trading session, marking a -0.61% move from the prior day.