Arjuna Capital reduced its stakes in Best Buy Co., Inc. (BBY) by 22,714 shares. Despite the 'hold' recommendation given by market analysts, BBY's stock keeps fluctuating, sometimes sinking even as the market rises. Principal Securities Inc. and Panagora Asset Management Inc. are among the firms that have recently purchased BBY shares. Meanwhile, NBC Securities Inc. and the Teacher Retirement System of Texas have cut back their stakes. BBY's association with Google Cloud for an AI-powered service demonstrates a step towards innovation, although the company also cautioned the market with a cautious outlook. The company CFO recently sold over $8k of company stock, and BBY's Q4 sales were higher than expected even amidst broad sales decline in Q3. Despite a dip in year-on-year sales, Q4 results outperformed estimates. A strategic SWOT insight into BBY indicates it might be a hidden gem in the retail industry and despite market fluctuations, BBY tries to maintain growth through strategic approaches.
Best Buy Company Stocks BBY News Analytics from Fri, 02 Jun 2023 07:00:00 GMT to Sun, 19 May 2024 20:33:32 GMT -
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