Best Buy Co. Inc. (BBY)
Consumer Discretionary7 articles
Price chart
Why is BBY moving today?
-1.5%BBY is -1.5% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
Best Buy Co. Inc. (BBY) overview
Best Buy is the largest U.S. consumer-electronics retailer.
BBY is a member of the S&P 500. It sits in the Consumer Discretionary sector. That sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Best Buy Co. Inc. trades on the NYSE under the ticker symbol BBY. The most recent market data puts the share price at about $92.78. That is down 1.48% on the session. At that price the company is worth roughly $19.46B.
Over the past 52 weeks, BBY has traded between $55.10 and $96.53. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 15.4. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. BBY also pays a dividend. It yields around 4.08% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch BBY
BBY is one of the larger names in the Consumer Discretionary sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each BBY story as it breaks, and tags it bullish, bearish or neutral.
What moves BBY
- Earnings. BBY reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from BBY.
- Sector news. Consumer Discretionary stocks often move together, so a rival's news can move BBY too.
Market Mood
Latest BBY news
Best Buy (BBY) Stock Target Raised Amid Recovery Signs
UBS has increased its price target for Best Buy (BBY), indicating confidence in a broadening recovery for the company. The exact new target price was not disclosed in the article. This adjustment could reflect UBS's optimism about Best Buy's market position or financial health. Such analyst upgrades often influence investor sentiment and stock performance, highlighting potential growth for ordinary investors in BBY.
Read More: Best Buy (BBY) Stock Target Raised Amid Recovery Signs
Balfour Beatty (BBY) Raises Guidance After First-Half Profit Jump
Balfour Beatty (BBY) has raised its profit guidance following a significant increase in first-half profits. The company reported a profit jump of 37% year-on-year, leading to improved forecasts for the full year. This positive performance has resulted in a surge in shares, reflecting investor confidence. The adjustment in guidance is a notable event that may positively influence market sentiment towards Balfour Beatty's financial outlook.
Read More: Balfour Beatty (BBY) Raises Guidance After First-Half Profit Jump
Balfour Beatty Stocks Surge Amid Market Reactions
Balfour Beatty stock has experienced a significant surge today, attributed to positive market reactions and investor sentiment. The company has a notable reputation in construction and infrastructure services, which may be influencing today's trading volume. Recent trading activities have shown increased interest in public infrastructure projects, aligning with Balfour Beatty's core operations. For ordinary investors, this surge may indicate growing confidence in Balfour Beatty's potential market performance.
Read More: Balfour Beatty Stocks Surge Amid Market Reactions
Stocks Premarket Moves: Snowflake, Best Buy, and Dollar Tree
In premarket trading, notable price movements were observed for several stocks including Snowflake, Best Buy, Kohl's, and Dollar Tree. Specific percentage changes or price levels were not provided in this report. Monitoring these stocks can offer insights into early market sentiment and performance trends for the day. The movements of these companies may indicate broader market reactions or sector-specific events.
Read More: Stocks Premarket Moves: Snowflake, Best Buy, and Dollar Tree
Best Buy (BBY) appoints insider Bonfig as new CEO amid demand decline
Best Buy (BBY) has appointed Corie Barry's successor, Matt Bonfig, to the role of CEO amid indications of slowing demand for consumer electronics. The transition occurs as the company faces challenges in a shifting retail environment. Barry’s tenure saw significant developments in the company, but Bonfig will need to navigate reduced consumer spending. This leadership change may impact investor confidence and Best Buy’s stock performance going forward.
Read More: Best Buy (BBY) appoints insider Bonfig as new CEO amid demand decline
Premarket Stocks: GE Vernova, Vertiv, Best Buy Show Movement
In premarket trading, companies including GE Vernova, Vertiv, and Best Buy experienced notable stock movements. While specific percent changes for these stocks were not detailed, the report highlights the interest in these stocks during premarket hours. This activity could indicate future market trends or investor sentiment towards these companies. Investors typically monitor such movements for potential buying or selling opportunities, reflecting changes in market dynamics.
Read More: Premarket Stocks: GE Vernova, Vertiv, Best Buy Show Movement
Goldman Sachs (GS) and Best Buy (BBY) Among Top Premarket Movers
Limited data available — the article discusses premarket movers including Goldman Sachs (GS) and Best Buy (BBY). It highlights that these stocks are making significant movements but does not provide specific numbers, percentages, or official statements that could indicate the direction of their market impact. Therefore, without concrete data, the implications for the market remain unclear. Further details on the movements or underlying reasons are not provided.
Read More: Goldman Sachs (GS) and Best Buy (BBY) Among Top Premarket MoversMore Consumer Discretionary stocks
Frequently asked questions
Is Best Buy Co. Inc. in the S&P 500?
Yes. Best Buy Co. Inc. trades as BBY and is a member of the S&P 500. The index lists it in the Consumer Discretionary sector.
What sector is BBY in?
BBY sits in the Consumer Discretionary sector of the S&P 500.
Where can I find the latest BBY news?
Right here. This page collects recent BBY news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Best Buy Co. Inc.'s stock price?
BBY last traded at about $92.78. Prices move all through the session, so this is the latest quote rather than a live one.
What is Best Buy Co. Inc.'s market cap?
BBY is worth roughly $19.46B. Market cap is the share price times the number of shares outstanding.
What is BBY's P/E ratio?
BBY trades at a trailing P/E ratio of about 15.4. The ratio compares the share price with earnings per share over the past year.