Best Buy Co. (BBY) Shares are Up 21.14%

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 17.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 21.94%, 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 21.14% in the last 1 week, and is up 17.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 14.28% and the fifty day Moving Average is 21.43%. Best Buy Co., Inc. is up 24.42% in the last three month period. Year-to-Date the stock performance stands at 33.79%.

Best Buy Co. (BBY) stock is expected to deviate a maximum of $7.46 from the average target price of $37.63 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $21.


Best Buy Co. (NYSE:BBY): On Fridays trading session , Opening price of the stock was $39.72 with an intraday high of $39.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.235. However, the stock managed to close at $39.48, a loss of 0.08% for the day. On the previous day, the stock had closed at $39.51. The total traded volume of the day was 5,538,967 shares.

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 (, 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.

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