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

Big Lots Inc (BIG) stock has risen 17.28% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 trading at $26.33 as of 2:36 PM on Wednesday, Aug 17, a decline of -$0.97, or -3.55% from the previous closing price of $27.30. The stock has traded between $25.55 and $27.46 so far today. Volume today is 791,447 compared to average volume of 1,055,070. To see InvestorsObserver's Sentiment Score for 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.