Why Big 5 Sporting Goods Is Plunging 14% Today
Shares of Big 5 Sporting Goods (NASDAQ: BGFV) were tumbling nearly 14% in morning trading Tuesday on no specific company news beyond a broader market rout that may have investors taking profits after a big run-up in the stock.
Big 5 reported blowout earnings a week ago that helped lift shares from under $20 a stub to more than $30 a share -- a better than 60% gain -- in less than a week. As tech stocks plunge, causing the market indexes to wobble, profit-taking may be the name of the game.
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Source Fool.com
