Why Big Lots (BIG) Shares Are Trading Lower Today

Shares of discount retail company Big Lots (NYSE:BIG) fell 27.6% in the morning session after Loop Capital analyst Anthony Chukumba downgraded the stock's rating from Hold to Sell and lowered the price target from $6 to $1. The new price target implied a potential 70% downside from where shares traded when the downgrade was announced. The analyst added, "We think Big Lots' financial situation is becoming increasingly precarious and find recent media reports the company has hired a turnaround con
Shares of discount retail company Big Lots (NYSE:BIG) fell 27.6% in the morning session after Loop Capital analyst Anthony Chukumba downgraded the stock's rating from Hold to Sell and lowered the price target from $6 to $1. The new price target implied a potential 70% downside from where shares traded when the downgrade was announced. The analyst added, We think Big Lots' financial situation is becoming increasingly precarious and find recent media reports the company has hired a turnaround con
Shares of discount retail company Big Lots (NYSE:BIG) fell 27.6% in the morning session after Loop Capital analyst Anthony Chukumba downgraded the stock's

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