Recent news indicates that Best Buy Co., Inc. (NYSE:BBY) stocks have been making both gains and losses. Greenwood Capital Associates and Tobam have increased their holdings, with the latter acquiring 7,981 shares. On the other hand, abrdn plc and OLD National Bancorp have sold their shares. Further, BBY's Digital Offerings are raising questions if they can support its high P/E. Following the Q1 2025 earnings, BBY beat EPS but missed revenue. Amid sluggish sales, the stock still lifted by 12%. Multiple companies like Janney Montgomery Scott and Klein Pavlis & Peasley Financial have purchased BBY shares, while others like Manning & Napier Advisors and Swedbank AB have sold theirs. Jim Cramer has mixed views about BBY, while DA Davidson has released optimistic estimates and FY2025 earnings forecasts. Questions are raised about potential stock weakness as BBY insiders sold about US$307m in Stock. BBY shows signs of underperforming the S&P 500 and BBY cuts off full year sales forecast due to softer demand for consumer electronics. However, BBY shares surged on profit and guidance hike. Views remain uncertain for FY25 while BBY's growth hinges on computing and services, as Q3 approaches.
Best Buy Company Stocks BBY News Analytics from Wed, 29 May 2024 07:00:00 GMT to Sat, 08 Feb 2025 13:22:26 GMT - Rating -1 - Innovation -3 - Information 6 - Rumor -9
