FONT-SIZE Plus   Neg

Big Lots Inc. (BIG) Sank To A 6-Month Low After Lowering Q1 Sales Forecast

Big Lots Inc. (BIG: Quote) announced after the bell Monday that it now expect U.S. comparable store sales for the first quarter to be slightly negative compared to its prior guidance, which estimated a comparable store sales increase of 2% to 4%.

Big Lots gapped open dramatically lower Tuesday and declined throughout the afternoon. The stock closed down by 11 points at $34.71 on the highest volume in 11 months. Big Lots sank to a 6-month low and dropped below both its 50 and 200-day moving averages.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
Trade BIG now with 
Follow RTT