DJ Best Buy Co. Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Best Buy Co. Inc. $(BBY)$ slid 1.80% to $73.06 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.13% to 5,187.70 and the Dow Jones Industrial Average rising 0.08% to 38,884.26.
This was the stock's second consecutive day of losses.
Best Buy Co. Inc. closed $13.05 below its 52-week high ($86.11), which the company reached on February 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. $(AAPL)$ rose 0.38% to $182.40, Amazon.com Inc. $(AMZN)$ rose 0.03% to $188.76, and Home Depot Inc. $(HD)$ fell 0.47% to $340.69.
Trading volume (2.6 M) remained 589,662 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2024.
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(END) Dow Jones Newswires
May 07, 2024 17:15 ET (21:15 GMT)
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