 |
| Best Buy Co.Inc - BidnessEtc |
During
earning season most investors who had been holding on to their Best Buy
Co., Inc. stock, hoping for the stock
to either give good returns or that the market would see a bearish trend and
their stock prices would soar earning them decent profits are now forced to
regret their decisions as well as rethink their strategies. bby stocks saw a shocking plummet of
27% following poor sales during the holiday season, making investors who had
held onto their stocks in the company in hopes of seeing it soar when earning
were announced the biggest losers on the Street. Financial analysts and Wall
Street Pundits held the opinion that BestBuy Co., Inc. stock share prices were not going to be the only ones who would
take a fall this season due to poor performances and the inability to live up
to the expectations of investors.
Best Buy Co., Inc.
stock graph saw a small rise in
the month of February but things still look grim for the company. As we go into
April bby stock charts have a faint
and fleeting hope, as the company begins to prepares for fourth of July weekend
and investors once again see hope of finding some profits in the company’s
second quarter. The Best Buy Co., Inc.
Stock Share Prices seem to have stabilized between the 20-30 dollar bracket
and remained thus since their huge plummet in January when bby stocks were listed at around 35 dollar mark.
bby Stock Price
Today took a plummet of -0.69% continuing
the same trend of minor changes in stock prices. The price of Best Buy Co., Inc. Stocks seem to have
stagnated with very little trading of their shares going on. The reasoning
behind this is quite similar to what happens at other such companies such as
Wall Mart; where there is a marked seasonal variation in prices as investors
begin to take interest in the company’s stocks during times when sales are
expected to boom and once boxing day and other clearance sales have gone by so
does investor interest. Another big hit coming Best Buy’s way soon is the fact
that Zynga has named David Lee an executive at Best Buy as their new CFO; this
means that Best Buy will be losing one of their star performers and strategists
and Lees departure could mean stocks taking another hit with little or no hopes
of revival as Fourth of July Weekend comes closer.
Finally the last nail in Best
Buy Co., Inc. Charts is going to be the changing dynamic of how consumer
electronics are sold. While Best Buy was renowned for selling these electronics
and still does to some extent sell them, however the opening up of Apple Stores
around every corner and with Sony and other gadget giants opening up their own
centers where electronics are sold at prices similar to or lower than what Best
Buy has to offer, Best Buy Co., Inc.
stocks cannot compete any longer.
They are no longer cheap or able to offer competitive enough rates to attract
customers to this market which means that higher ups in the company need to
have a serious rethinking of strategy if the company is to be revived and bby stock prices are brought back to
what they were a few years ago.
0 comments:
Post a Comment