Published on 5 Aug 2022 on Market Watch
Best Buy Co. Inc. stock outperforms competitors on strong trading day
Shares of Best Buy Co. Inc. inched 0.12% higher to $76.38 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.23% to 32,803.47 and the S&P 500 Index falling 0.16% to 4,145.19. This was the stock's third consecutive day of gains. Best Buy Co. Inc. closed $65.59 below its 52-week high ($141.97), which the company achieved on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Apple Inc. fell 0.14% to $165.35, Amazon.com Inc. fell 1.24% to $140.80, and Walmart Inc. rose 0.80% to $126.58. Trading volume (1.3 M) remained 2.3 million below its 50-day average volume of 3.6 M.