Big Lots Inc. BIG saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BIG, as the stock is now down nearly 11% since Nov 27.
Although this slump was obviously disappointing, the retail discount chain has seen its current year earnings consensus move higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BIG. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
BIG currently has a Zacks Rank #4 (Sell).
Investors interested in the same industry may consider better-ranked stock like Ross Stores Inc. ROST, which carries a Zacks Rank #2 (Buy).
Is BIG going up? Or down? Predict to see what others think: Up or Down
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