Big Lots joins meme rally as traders bank on short-sqeeze

seekingalpha05-14

Big Lots (NYSE:BIG) is racing higher on Tuesday as the meme-fueled rally in shares of Game Stop (GME), Virgin Galactic (SPCE) and Tupperware (TUP), among others, spills into shares of the discount ...

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As a result, the stock cracked resistance at the 100- and 200-day moving averages and landed BIG at their highest level since Feb 29.  With short interest of 27% of the total float , Big Lots  is now in focus when Keith Gill, known as Roaring Kitty, returned to social media after a three-year absence, raising awareness of stocks that are vulnerable to a short squeeze.  Analysts are mixed on Big Lots  with SA authors rating it as a Buy, while Wall Street analysts view it as a Hold and SA Quant Rating seeing Big Lots  as a Strong Sell. 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