Why Dollar General Stock Was Sliding Today

Shares of Dollar General (NYSE: DG) were moving lower today, even though there was no company-specific news out on the discount retailer. Instead, the move seemed to come in response to disappointing results from Target (NYSE: TGT) this morning, which seemed to confirm that Walmart (NYSE: WMT), which reported earnings yesterday, is continuing to gobble up market share from competitors like Target and Dollar General.

As of 1:19 p.m. ET, Dollar General stock was down 4.5%.

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Source Fool.com