
Big Lots (BIG) Stock Plunges Amid Ongoing Losses and Financing Concerns
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.




