Best Buy Co Stock Falls On Unusually High Volume (BBY)

NEW YORK ( TheStreet) -- Best Buy Co Inc (NYSE: BBY) is trading at unusually high volume Tuesday with 30.4 million shares changing hands. It is currently at four times its average daily volume and trading down $1.62 (-6.5%) at $23.34 as of 3:35 p.m. ET.

Best Buy Co has a market cap of $9.2 billion and is part of the services sector and retail industry. Shares are down 27.2% year to date as of the close of trading on Monday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, home office products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. The company has a P/E ratio of eight, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Best Buy Co as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Best Buy Co Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.

null

More from Markets

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

OPEC Reaches Output Deal, But Won't Put Figure on Extra Barrels in Market

OPEC Reaches Output Deal, But Won't Put Figure on Extra Barrels in Market

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?