Best Buy Co. Inc. Stock Underperforms Wednesday When Compared To Competitors
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Best Buy Co. Inc. (BBY) shares fell 1.33% to $66.93 on Wednesday, marking the fourth consecutive day of losses. The stock is currently 27% below its 52-week high of $91.68. In comparison, competitors like Apple Inc., Amazon.com Inc., and Home Depot Inc. also experienced declines, but Best Buy underperformed relative to them. The overall market was down, with the S&P 500 Index falling 0.74% and the Dow Jones Industrial Average down 0.63%. Trading volume was significantly below the 50-day average.
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