Big Lots' stock tumbles, as Wall Street's top bear sees more than 80% downside

Shares of Big Lots Inc. were in danger of having their worst day in four years on Monday, after Loop Capital warned investors away from the discount home essentials retailer, citing a “precarious” financial situation and loss of relevance with consumers.The stock BIG, -3.77% sank 14.7% in premarket trading, which puts it on track for the biggest one-day selloff since it tumbled 19.5% on March 18, 2020, which was a week after the World Health Organization declared COVID-19 a pandemic.The selloff comes even a ...