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Big Lots Stock Plummets 31% Amid Earnings Report and Downgrade

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Big Lots, Inc.โ€™s shares (BIG) experienced a sharp drop during Mondayโ€™s session following the announcement of the companyโ€™s preliminary fourth-quarter results.

Additionally, Loop Capital downgraded the stock from Hold to Sell and reduced its price target from $6 to $1.

During Mondayโ€™s trading, Big Lots shares fell 31.3% to $3.6850.

Here are some other stocks that made moves during the mid-day session on Monday.

Stocks on the Rise

  • Millennium Group International Holdings Limited MGIH surged 250% to $3.61 after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.
  • Beamr Imaging Ltd. BMR shares climbed 241.5% to $7.20 after the company announced it will present its joint research relating to automated video modernization with NVIDIA at the ACM Mile-High-Video 2024 conference.
  • DIH Holdings US, Inc. DHAI shares soared 65.2% to $2.1306. DIH Holding US secured $1.5 million in private placement financing from OrbiMed.
  • ContextLogic Inc. WISH gained 40.2% to $6.31 after the company announced an agreement to sell substantially all of its operating assets and liabilities to Qoo10 for approximately $173 million in cash.
  • SuperCom Ltd. SPCB shares jumped 40% to $0.2570. SuperCom recently disclosed that it has secured a new contract with an established California services provider in the judicial sector.
  • Intuitive Machines, Inc. LUNR shares gained 33.3% to $6.65 after jumping around 32% on Friday.
  • D-Wave Quantum Inc. QBTS gained 31% to $1.4295.

Stocks Struggling

  • AN2 Therapeutics, Inc. ANTX shares dropped 73% to $5.35 after the company announced it will voluntarily pause enrollment in the Phase 3 part of the Phase 2/3 pivotal clinical trial evaluating epetraborole in treatment-refractory MAC lung disease.
  • AirTouch Communications, Inc. ATCH fell 49.6% to $ 5.17.
  • TOP Financial Group Limited TOP fell 40% to $3.21 after the company announced a $5 million registered direct offering of 2,000,000 shares and warrants at $2.50 per share and accompanying warrant.




Market Plunge: Companies Experience Dismal Stock Performance

Market Plunge: Companies Experience Dismal Stock Performance

  • geneOnyx, Inc. GENX tumbled 36.3% to $2.0199.
  • ADDvantage Technologies Group, Inc. AEY dipped 34.8% to $0.3910.
  • WiSA Technologies, Inc. WISA fell 34.5% to $0.0520. WiSA Technologies priced 153,840,000 unit offering for gross proceeds of $10 million.
  • InVivo Therapeutics Holdings Corp. NVIV fell 33.3% to $0.3253.
  • Hitek Global Inc. HKIT shares fell 29.6% to $1.90 after dipping over 25% on Friday.
  • Lakeshore Acquisition II Corp. LBBB fell 29.2% to $7.90.
  • Phoenix Biotech Acquisition Corp. PBAX fell 25.2% to $4.74.
  • NanoString Technologies, Inc. NSTG dipped 23% to $0.1771.
  • Safety Shot, Inc. SHOT fell 20.5% to $3.0250.
  • MicroCloud Hologram Inc. HOLO shares declined 18% to $17.48 after dipping over 25% on Friday. The company recently said it is planning to join the Communications Industry Association.
  • Invivyd, Inc. IVVD fell 16.1% to $4.18.
  • Chenghe Acquisition Co. CHEA shares fell 15.6% to $5.52. According to an SEC filing, Chenghe shareholders voted to approve the business combination with Taiwan Color Optics, Inc. dated July 21, 2023.
  • Intelligent Bio Solutions Inc. INBS shares fell 14.1% to $5.79. Intelligent Bio Solutions shares jumped around 135% on Friday after the company reported second-quarter financial results.
  • Larimar Therapeutics, Inc. LRMR fell 13.6% to $ 6.70 after the company reported top-line data from the Phase 2 dose exploration study from the 25 mg and 50 mg cohorts of nomlabofusp in patients with Friedreichโ€™s ataxia.
  • SunCar Technology Group Inc. SDA fell 11% to $6.45.
  • Verastem, Inc. VSTM fell 10.4% to $11.84.
  • Janux Therapeutics, Inc. JANX fell 9.6% to $8.51.
  • monday.com Ltd. MNDY fell 8.8% to $215.21 after the company reported quarterly results and issued FY24 guidance.
  • Manchester United plc MANU fell 8.4% to $19.35.
  • Applied Digital Corporation APLD shares declined 5% to $5.01 after gaining 5% on Friday. Applied Digital, last month, reported worse-than-expected second-quarter financial results.

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Now Read This: Jim Cramer Says This Construction Giant Is โ€˜So Goodโ€™ And โ€˜Goes Higherโ€™



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