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Why Best Buy Co's Stock is Down During Today's Session

April 26, 2021 1:35 pm
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Best Buy Co’s Stock Price And Volume Action

Best Buy Co (NYSE:BBY) is currently down 1.69% to a price of $116.05. The stock’s current volume for the day is 972.19 thousand, which is approximately 38.02% of its previous 30-day average volume of 2.56 million.

Why It’s Moving

Benzinga Pro’s real-time breaking news service shows some insight into what is affecting shares: Best Buy shares are trading lower after Wedbush downgraded the stock from Outperform to Neutral and lowered its price target from $135 to $125 per share.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $114.51 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $124.89 and as low as $68.09.

If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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