In a filing, Big Lots Inc revealed its Director McCormick Christopher J acquired Company’s shares for reported $75480.0 on Dec 01 ’23. In the deal valued at $6.29 per share,12,000 shares were bought. As a result of this transaction, McCormick Christopher J now holds 50,733 shares worth roughly $0.2 million.
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Then, Robins Ronald A Jr bought 10,000 shares, generating $50,050 in total proceeds. Upon buying the shares at $5.00, the Executive Vice President now owns 169,897 shares.
Before that, Schlonsky Michael Allen bought 10,000 shares. Big Lots Inc shares valued at $48,800 were divested by the Executive Vice President at a price of $4.88 per share. As a result of the transaction, Schlonsky Michael Allen now holds 194,207 shares, worth roughly $0.76 million.
Loop Capital downgraded its Big Lots Inc [BIG] rating to a Sell from a a Hold in a research note published on February 12, 2024; the price target was decreased to $1 from $6. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering BIG and reiterated its “Market perform” recommendation on November 28, 2023. Piper Sandler revised its rating on April 21, 2023. It rated BIG as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of BIG
On Monday, Big Lots Inc [NYSE:BIG] saw its stock jump 3.45% to $3.90. Over the last five days, the stock has gained 7.73%. Big Lots Inc shares have fallen nearly -49.94% since the year began. Nevertheless, the stocks have fallen -61.16% over the past one year. While a 52-week high of $12.27 was reached on 01/02/24, a 52-week low of $3.47 was recorded on 02/14/24. SMA at 50 days reached $5.04, while 200 days put it at $6.21. A total of 0.98 million shares were traded, compared to the trading of 0.95 million shares in the previous session.
Levels Of Support And Resistance For BIG Stock
The 24-hour chart illustrates a support level at 3.81, which if violated will result in even more drops to 3.72. On the upside, there is a resistance level at 4.01. A further resistance level may holdings at 4.13. The Relative Strength Index (RSI) on the 14-day chart is 40.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.15%. Stochastics %K at 14.69% indicates the stock is a buying.
How much short interest is there in Big Lots Inc?
A steep rise in short interest was recorded in Big Lots Inc stocks on Feb 29, 2024, growing by 0.21 million shares to a total of 6.62 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.41 million shares. There was a rise of 3.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 41.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.45.
The most recent change occurred on December 20, 2022 when Credit Suisse began covering the stock and recommended ‘”an Underperform”‘ rating along with a $15 price target.
