Near the 52 week high. The whole consumer discretionary sector is up it's actually up over 4% leading sectors probably as a result of the ADP jobs number being stronger than estimates. I agree but it's up in sympathy the stock is up a buck and a half of the lows from yesterday makes little sense. I shorted a little at $30.12 just for a trade.
Almost all the phone vendors have missed expectations. China in trouble, US still slowing, and Amazon margins compressing. All pretty bad signs for BBY. RSH also dying. These are all indications of saturated smartphone market where margins are getting compressed throughout distribution and supply chain. Growing use of "no contract" plans will only destroy margins more for BBY as they shift into BBY mobile shops. Don't know what analysts are smoking but BBY is losing money and going into a recession, I think there is real bankruptcy/RSH risk for the organization over the next 3 years.