Published on 29 Jul 2022 on Market Watch
Best Buy Co. Inc. stock underperforms Friday when compared to competitors
Shares of Best Buy Co. Inc. slipped 1.28% to $76.99 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.42% to 4,130.29 and the Dow Jones Industrial Average rising 0.97% to 32,845.13. The stock's fall snapped a two-day winning streak. Best Buy Co. Inc. closed $64.98 short of its 52-week high ($141.97), which the company achieved on November 22nd.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. rose 3.28% to $162.51, Amazon.com Inc. rose 10.36% to $134.95, and Walmart Inc. rose 1.77% to $132.05. Trading volume (5.0 M) eclipsed its 50-day average volume of 3.9 M.