Big Lots' Stock Rallies on Report of Possible Sale

Big Lots
Big Lots

Big Lots' stock spiked right before the closing bell on a report that the retailer is exploring different options including the possibility of a sale of the company.

The Columbus, Ohio-based retail chain is said to be working with Goldman Sachs .

Shares of Big Lots closed up the day more than 15 percent to end at $39.20. The stock was slightly lower in after hours trading.