Best Buy (BBY) Stock Drops Despite Market Gains: Important Facts to Note

The latest trading session saw Best Buy (BBY) ending at $75.17, denoting a -1.47% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.03%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 0.12%.Shares of the consumer electronics retailer have depreciated by 1.09% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 1.25% and lagging the S&P 500's loss of 0.9%.The investment community will be paying close ...