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Best Buy (BBY) Shows Strength: Stock Adds 21.5% in Session
Best Buy Co., Inc. (BBY - Free Report) was a big mover last session, as the company saw its shares jump over 21% on the day. The upside was driven by the company’s better-than-expected first quarter revenue and profit. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17% in the past one-month time frame.
The company has seen three positive estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Best Buy currently carries a Zacks Rank #2 (Buy).
Best Buy Co., Inc. Price
Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote
Another top-ranked stock in the Retail - Consumer Electronics industry is Aaron's, Inc. sporting a Zacks Rank #1 (Strong Buy). You can the complete list of today’s Zacks #1 Rank stocks here.
Is BBY going up? Or down? Predict to see what others think: Up or Down
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