Best Buy Co. Inc. stock rises Wednesday, outperforms market

Best Buy Co. Inc. stock rises Wednesday, outperforms market

Shares of Best Buy Co. Inc. BBY, +1.90% advanced 1.90% to $81.94 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.75% rising 0.75% to 3,852.97 and the Dow Jones Industrial Average DJIA, +0.40% rising 0.40% to 33,269.77. This was the stock’s second consecutive day of gains. Best Buy Co. Inc. closed $31.02 below its 52-week high ($112.96), which the company achieved on March 3rd.

The stock outperformed some of its competitors Wednesday, as Apple Inc. AAPL, +1.03% rose 1.03% to $126.36, Amazon.com Inc. AMZN, -0.79% fell 0.79% to $85.14, and Home Depot Inc. HD, +1.21% rose 1.21% to $319.73. Trading volume (1.9 M) remained 1.3 million below its 50-day average volume of 3.2 M.

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