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Barchart
Barchart
Neharika Jain

Is Wall Street Bullish or Bearish on Best Buy Stock?

Best Buy BBY

Richfield, Minnesota-based Best Buy Co., Inc. (BBY) is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, and security appliances. The company provides delivery, installation, memberships, repair, set-up, technical support, health-related, and warranty-related services as well and is valued at a market cap of $18.8 billion. 

This consumer electronics retailer’s shares have underperformed the broader market over the past 52 weeks. BBY has gained 14.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.5%. Moreover, the stock is up 1.2% on a YTD basis, compared to SPX’s 2.9% rise during the same time frame.

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