Best Buy Co. (BBY) has risen sharply, recording gains of 1.4% in the past 4 weeks. However, the stock has corrected -6.54% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.01% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Best Buy Co., Inc. is up 1.72% in the last 3-month period. Year-to-Date the stock performance stands at 10.44%. The stock has recorded a 20-day Moving Average of 2.93% and the 50-Day Moving Average is 2.54%.
Best Buy Co. (NYSE:BBY): The stock opened at $32.84 on Friday but the bulls could not build on the opening and the stock topped out at $32.86 for the day. The stock traded down to $32.20 during the day, due to lack of any buying support eventually closed down at $32.59 with a loss of -1.84% for the day. The stock had closed at $33.20 on the previous day. The total traded volume was 7,096,413 shares.
Also, Equity Analysts at the Ladenburg Thalmann assumes the rating on Best Buy Co. (NYSE:BBY). The brokerage firm has issued a Outperform rating on the shares. The rating by the firm was issued on August 17, 2016.
Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (bestbuy.com), Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.