Back to top

Image: Bigstock

Best Buy (BBY) Catches Eye: Stock Jumps 9.9%

Read MoreHide Full Article

Best Buy Co., Inc. (BBY - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $71.83 to $77.29 in the past one-month time frame.

The upmove came after the company's third-quarter fiscal 2020 (ended Nov 2, 2019) results surpassed analyst estimates.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Best Buy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Best Buy Co., Inc. Price

Investors interested in the Retail-Wholesale sector may consider Casey's General Stores, Inc. (CASY - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see 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

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Best Buy Co., Inc. (BBY) - free report >>

Casey's General Stores, Inc. (CASY) - free report >>

Published in