Best Buy Co. (BBY) : Traders are bullish on Best Buy Co. (BBY) as it has outperformed the S&P 500 by a wide margin of 7.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.93% in the last 1 week, and is up 10.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Best Buy Co. (NYSE:BBY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.66 and $33.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.25, notching a gain of 2.39% for the day. The total traded volume was 4,218,293 . The stock had closed at $33.45 on the previous day.
The stock has recorded a 20-day Moving Average of 5.87% and the 50-Day Moving Average is 9.41%. Best Buy Co., Inc. is up 8.1% in the last 3-month period. Year-to-Date the stock performance stands at 16.07%.
Best Buy Co. (BBY) : The consensus price target for Best Buy Co. (BBY) is $33.04 for the short term with a standard deviation of $6.8. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $21.
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.