Big Lots (BIG) Stock Plunges Amid Ongoing Losses and Financing Concerns
TL;DR Summary
Big Lots (BIG) shares fell 27.6% after an analyst downgraded the stock's rating to Sell and expressed concerns about the company's financial situation. The company provided comments on its preliminary fourth-quarter results and announced plans to report full-year 2023 results on March 7, 2024. Recent reports of the company seeking a loan amidst liquidity concerns have also impacted its stock. Despite recent challenges, the company reported strong second-quarter results and executed sale leaseback transactions to strengthen its liquidity position.
- Why Big Lots (BIG) Shares Are Trading Lower Today Yahoo Finance
- Discount Home Retailer Big Lots Seeks Cash During Ongoing Losses Yahoo Finance
- Big Lots’ stock tumbles, as Wall Street’s top bear sees more than 80% downside MarketWatch
- Big Lots Stock Falls 31%. The Outlook Is ‘Very Concerning,’ Analyst Says. Barron's
- Big Lots (NASDAQ:BIG) Plunges on Plans to Seek Financing - TipRanks.com TipRanks
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