Big Lots (BIG) : Traders are bullish on Big Lots (BIG) as it has outperformed the S&P 500 by a margin of 1.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.72% in the last 1 week, and is up 8.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Big Lots (NYSE:BIG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.51 and $52.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.28, notching a gain of 1.64% for the day. The total traded volume was 952,206 . The stock had closed at $52.42 on the previous day.
The stock has recorded a 20-day Moving Average of 4.51% and the 50-Day Moving Average is 7.95%. Big Lots Inc. is up 15.66% in the last 3-month period. Year-to-Date the stock performance stands at 39.46%.
Big Lots, Inc. is a United States-based discount retailer. As of December 31, 2014, the Company, through its wholly owned subsidiaries, operated 1,460 stores in 48 states. The Companys Food category includes beverage and grocery, candy and snacks, and specialty foods. Its Consumables category includes health and beauty, plastics, paper, chemical and pet departments. Its Soft Home category includes fashion bedding, utility bedding, bath, window, decorative textile and flooring, and the Hard Home category includes small appliances, table top, food preparation, stationery, greeting card, tools, paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery, mattress, case goods, home decor and frames; the Seasonal category includes lawn & garden, summer, Christmas, toys, books, sporting goods and other holiday and its Electronics & Accessories category includes electronics, jewelry, apparel, hosiery and infant accessories departments.