Best Buy Stock Slips 8% in a Month: Solid Bargain or Risky Bet?

Best Buy's (BBY) stock has lost 8% over the past month, which is in line with the Zacks Retail – Consumer Electronics industry. Meanwhile, the Retail-Wholesale sector has risen 1.3% and the S&P 500 Index has declined 0.4%. As of Dec. 20, Best Buy's shares closed at $85.55, trading 17.5% below its 52-week high of $103.71 reached on Aug. 29, 2024.BBY Stock Past-Month Performance Image Source: Zacks Investment Research Best Buy's stock has fallen below critical technical thresholds, including its 50-day moving ...