Dollar Tree On The Rise While Indices Plunge (DLTR)

Last night, Benzinga highlighted unusual activity in shares of Dollar Tree DLTR in the late trading session and also noted that a rising DLTR was not exactly bullish for the markets. It looked like it might be an ugly day for stocks, SPY was down 0.52% in late trading yesterday, and a strong day for DLTR. That is exactly what has transpired in Tuesday's trading session. DLTR is surging on heavy volume, while the broad indices are skidding lower. Currently, DLTR has gained 4.66% to $43.77. Volume has been heavy in the name with more than 2.31 million shares trading hands versus a daily average of 1.54 million. It looks like some large players have been accumulating DLTR over the last 24 hours or so. At this time yesterday, the stock was trading in the $41 range. Unlike Dollar Tree, the broader indices are getting smoked after a disappointing jobs report this morning. Here is the current damage. DJIA -176 (-1.69%) S&P -20.06 (-1.82%) NASDAQ -38.61 (-1.74%)