Why Big Lots, Inc. Stock Jumped in November
Shares of Big Lots (NYSE: BIG) were moving higher on better-than-expected earnings reports from its peers and as strong Black Friday sales drove brick-and-mortar retail stocks up across the board. Investors were also anticipating the discount retailer's earnings report, which came out on Dec. 1.
Image source: Big Lots.
According to data from S&P Global Market Intelligence, the stock finished up 15.2%. As the chart below shows, it surged toward the end of the month as Black Friday weekend reports came out.
Source: Fool.com
