Best Buy Co., Inc. (BBY) has had mixed performances in recent times, according to multiple reports. Several investing firms have either purchased, sold, or altered their
stock position in the company. For example, Pacer Advisors Inc and Nordea Investment Management AB increased their holdings, while Moody Aldrich Partners LLC, Old National Bancorp, and 1834 Investment Advisors Co reduced theirs. Plus, firms like Smith Group Asset Management and Wealth Management Partners LLC initiated new positions. Despite sluggish sales, BBY's stock has experienced some gains, although it underperformed compared to competitors on some occasions. Media personality
Jim Cramer offered mixed opinions on BBY, criticizing it at times and expressing optimism at others. The company's Q2 earnings were positively impacted by computer and tablet sales despite a reduction in the full-year sales forecast due to weak consumer demands. Furthermore, Q3 forecasts were missed, resulting in the share price decreasing. In a positive development, Best Buy announced regular quarterly cash dividends and teamed up with Rokt for AI-powered personalized advertising. However, insiders selling stocks were seen as a potential weakness.
Best Buy Company Stocks BBY News Analytics from Thu, 29 Feb 2024 08:00:00 GMT to Sat, 01 Feb 2025 09:21:03 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -2
