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Best Buy Co. (BBY) Looks Good: Stock Adds 20% in Session

Zacks Equity Research

Best Buy Co., Inc. BBY was a big mover last session, as the company saw its shares rise almost 20% on the day. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $32.47 to $34.87 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower suggesting tropuble down the road. So, make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.

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

Another better-ranked stock in the same industry is hhgregg, Inc. HGG holding a Zacks Rank #2 (Buy).

Is BBY going up? Or down? Predict to see what others think: Up or Down

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