Big Lots (BIG) Shares are Up 3.04%

Big Lots (BIG) : Traders are bullish on Big Lots (BIG) as it has outperformed the S&P 500 by a wide margin of 6.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.98%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.04% in the last 1 week, and is up 7.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.16% and the 50-Day Moving Average is 6.64%. Big Lots (NYSE:BIG): stock turned positive on Friday. Though the stock opened at $54.99, the bulls momentum made the stock top out at $55.27 level for the day. The stock recorded a low of $54.3 and closed the trading day at $55.26, in the green by 0.84%. The total traded volume for the day was 812,475. The stock had closed at $54.8 in the previous days trading.


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 -20.21% . During last six month period, the net percent change held by insiders has seen a change of -15.39%. Also, Equity Analysts at the Northcoast Research downgrades the rating on Big Lots (NYSE:BIG). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 2, 2016.

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.

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