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Do Traders Think Big Lots Inc (BIG) Can Keep Climbing Thursday?

Thursday, February 29, 2024 12:38 PM | InvestorsObserver Analysts

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Do Traders Think Big Lots Inc (BIG) Can Keep Climbing Thursday?

Big Lots Inc (BIG) stock has risen 31.45% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Big Lots Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BIG!

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With BIG Stock Today?

Big Lots Inc (BIG) stock is lower by -0.37% while the S&P 500 is up 0.11% as of 12:37 PM on Thursday, Feb 29. BIG has fallen -$0.02 from the previous closing price of $5.37 on volume of 579,715 shares. Over the past year the S&P 500 has risen 27.83% while BIG has fallen -62.72%. BIG lost -$15.93 per share in the over the last 12 months. To screen for more stocks like Big Lots Inc click here.

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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