Can Best Buy’s Stock Rebound After An 18% Drop?

Can Best Buy’s Stock Rebound After An 18% Drop?

Best Buy’s stock (NYSE: BBY) has declined by 18% in the last five trading days (one week). In comparison, the broader S&P500 index declined only marginally over the same period. The company’s stock fell despite posting a better-than-expected quarter against tough pandemic comparables in the…