Large Inflow of Money Detected in Big Lots

Big Lots (BIG) : Big Lots (BIG) had a healthy money flow of $3.8 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $13.99 million, whereas, investors only sold shares worth $10.18 million on downticks. The stock closed the day with an up-down ratio of 1.37.The money flow in the block trades to the tune of $4.34 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $5.89 million worth of transactions were on upticks. A paltry $1.54 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.82. Big Lots (BIG) stock slid $1.2 intraday and traded at 50.02, a change of -2.34% over previous days close. However, for the week, the company shares are -1.09% compared to previous weeks close.


Also, Equity analysts at the Brokerage firm Northcoast Research downgrades its rating on Big Lots (NYSE:BIG). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 2, 2016.

Big Lots Inc. has lost 9.99% in the last five trading days and dropped 7.54% in the last 4 weeks. Big Lots Inc. has dropped 4.22% during the last 3-month period . Year-to-Date the stock performance stands at 30.9%.

Big Lots (NYSE:BIG): The stock opened at $51.22 on Tuesday but the bulls could not build on the opening and the stock topped out at $51.51 for the day. The stock traded down to $49.75 during the day, due to lack of any buying support eventually closed down at $50.01 with a loss of -2.36% for the day. The stock had closed at $51.22 on the previous day. The total traded volume was 1,274,525 shares.

In a related news, The Securities and Exchange Commission has divulged that Solt Russell, director of Big Lots Inc, had unloaded 3,000 shares at an average price of $52.1 in a transaction dated on July 11, 2016. The total value of the transaction was worth $156,300.

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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