Lord Abbett & CO. LLC reduced their stock position in Best Buy. Despite
sluggish sales, Best Buy's stock lifted by 12%. After its
third-quarter results, analysts have provided new forecasts.
Toronto Dominion Bank increased their stake while
Matthew M. Bilunas sold 69,166 shares.
Best Buy is to report earnings, and shares are up despite trading down.
Public Employees Retirement System of Ohio and
Geode Capital Management LLC grew their stocks; World Investment Advisors LLC invested $5.23 million. TCW Group Inc. also raised their holdings, indicating a potential rise in stock by investors in 2025. Despite a drop in Q3 sales, stock price rose yet dropped due to analyst downgrade. Best Buy's $0.94 quarterly dividend maintains shareholder returns. Despite a loss of -9.37%, a trend reversal may be forthcoming. With increased tablet and computer sales, Q2 earnings beat expectations.
Best Buy slimmed down and pumped profits despite slowing sales. The company's stock has surged due to profit beat and guidance hike. Shares in Best Buy were undervalued and the stock sank due to hesitant consumers.
Best Buy Company Stocks BBY News Analytics from Thu, 30 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 12:48:04 GMT -
Rating 1
- Innovation -6
- Information 5
- Rumor -2
