Best Buy Co., Inc. (NYSE:BBY) has been making rounds in the stock market with
mixed feedback from shareholders. Certain investment firms, such as
Kathmere Capital Management LLC have bought shares while some insiders and firms have sold their stake including
American International Group and
PNC Financial Services Group. The company has made significant
restructuring efforts which seems to have potential to improve its earnings, despite a recent dip in the sales during Q3. They passed an
upcoming dividend of $0.94 leaving the investors to ponder over impact. UBS upgraded Best Buy's stock amid its
optimistic forecasts. Best Buy's partnership with
Google Cloud for AI-powered services propels their effort towards technology innovation. Best Buy's CFO sold over $8k of company stock while the CEO sold over $2.2m worth. Despite a broad sales decline for Q3, it appears that the company is strategically poised for growth facing an e-commerce threat.
Best Buy Company Stocks BBY News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 15:26:30 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor -5
