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Barchart
Barchart
Neharika Jain

Best Buy Stock: Is Wall Street Bullish or Bearish?

Best Buy BBY

Richfield, Minnesota-based Best Buy Co., Inc. (BBY) is an omni-channel retailer specializing in consumer electronics, technology products, and related services. Valued at a market cap of $11.7 billion, the company offers a curated product assortment that includes computing devices, mobile phones, home theater systems, major and small appliances, and entertainment software. 

This retailer has considerably underperformed the broader market over the past 52 weeks. Shares of BBY have declined 22.8% over this time frame, while the broader S&P 500 Index ($SPX) has soared 26.6%. Moreover, on a YTD basis, the stock is down 15.3%, compared to SPX’s 8.1% rise.

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