Big Lots (BIG) Shares Jump in Heavy Volume

Shares of Big Lots Inc. (BIG) spike more than $5 with shares seeing double the daily average trading volume heading into today’s final hour of trade (2.5M vs 1.7M 3m/avg). Strength attributed to a Bloomberg TV report that says Big Lots Inc is exploring options, including possible sale.

BIG opened at $33.92 on Monday. The security has a 52 – week range of $27.82 to $41.42. The stock’s 50-day moving average is $30.83 and its 200-day moving average is $32.78. Look for these parameters to climb to confirm the company’s upward momentum. Big Lots has a market cap of $2.97 billion and a P/E (price-to-earnings ratio) of 0.89.

At last check, BIG was up $5.18, or 15.28%, to $39.13.

Big Lots Inc., through its subsidiaries, operates as a broad line closeout retailer in the United States. The co. was founded in 1967 and is based in Columbus, Ohio.

No Position

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1065 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.