Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent. Trian Management sold about 6 million shares of the discount retailer, the hedge fund said in a regulatory filing on Tuesday. (1.usa.gov/1EolGvx)
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO fell by 0.74% or $-0.57/share to $76.36. In the past year, the shares have traded as low as $55.64 and as high as $80.97. On average, 1711110 shares of FDO exchange hands on a given day and today's volume is recorded at 9102367.
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