Why Has Best Buy Stock Lifted 12% Amid Sluggish Sales?

The Best Buy in Montebello, California, on Black Friday, November 29, 2024. (Photo by ETIENNE ... [+] LAURENT / AFP) (Photo by ETIENNE LAURENT/AFP via Getty Images)AFP via Getty ImagesBest Buy’s stock (NYSE: BBY), an electronics specialty retailer, has increased 12% from around $78 to $87 (as of Dec 9, after close) year-to-date, underperforming the broader indices, with the S&P growing about 28% over the same period. At the same time, a tough comparison with the pandemic, stimulus-induced growth, and inflat ...