Big Lots (NYSE:BIG) has tumbled 4.63% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 15.08% in the last four weeks. The stocks have underperformed the S&P 500 by 3.49% during the past week but Big Lots (NYSE:BIG) it has outperformed the index in 4 weeks by 14.03%.
Big Lots (NYSE:BIG): The stock opened at $50.71 on Friday but the bulls could not build on the opening and the stock topped out at $51.10 for the day. The stock traded down to $50.15 during the day, due to lack of any buying support eventually closed down at $50.22 with a loss of -0.59% for the day. The stock had closed at $50.52 on the previous day. The total traded volume was 2,098,155 shares.
The company shares have rallied 8.54% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $53.35 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $47.70 and the 200 Day Moving Average price is recorded at $42.79.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mallott Philip E, director of Big Lots Inc, had unloaded 5,000 shares at an average price of $52.08 in a transaction dated on May 31, 2016. The total value of the transaction was worth $260,400.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup maintains its ratings on Big Lots (NYSE:BIG). In the latest research report, Citigroup raises the target price from $53 per share to $62 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 1.6% of Big Lots shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.14% . During last six month period, the net percent change held by insiders has seen a change of -12.28%.
Big Lots, Inc. is a United States-based discount retailer. As of December 31, 2014, the Company, through its wholly owned subsidiaries, operated 1,460 stores in 48 states. The Companys Food category includes beverage and grocery, candy and snacks, and specialty foods. Its Consumables category includes health and beauty, plastics, paper, chemical and pet departments. Its Soft Home category includes fashion bedding, utility bedding, bath, window, decorative textile and flooring, and the Hard Home category includes small appliances, table top, food preparation, stationery, greeting card, tools, paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery, mattress, case goods, home decor and frames; the Seasonal category includes lawn & garden, summer, Christmas, toys, books, sporting goods and other holiday and its Electronics & Accessories category includes electronics, jewelry, apparel, hosiery and infant accessories departments.