Big Lots Inc (BIG) Stock: What Does the Chart Say Friday?

Friday, June 02, 2023 02:50 PM | InvestorsObserver Analysts

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Big Lots Inc (BIG) stock is down 14.29% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Big Lots Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BIG!
See Full BIG Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BIG Stock Today?

Big Lots Inc (BIG) stock is trading at $6.18 as of 2:44 PM on Friday, Jun 2, a rise of $1.32, or 27.06% from the previous closing price of $4.86. The stock has traded between $5.36 and $6.20 so far today. Volume today is above average. So far 4,021,733 shares have traded compared to average volume of 2,096,820 shares.

More About Big Lots Inc

Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida. Click Here to get the full Stock Report for Big Lots Inc stock.

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