Best Buy Stock Gaps Up On Today's Open (BBY)

NEW YORK ( TheStreet) -- Shares of Best Buy (NYSE: BBY) were gapping up Monday morning with an open price 22.4% higher than Friday's closing price. The stock closed at $17.64 Friday and opened today's trading at $21.60.

The average volume for Best Buy has been 9.3 million shares per day over the past 30 days. Best Buy has a market cap of $5.91 billion and is part of the services sector and retail industry. Shares are down 24.5% year to date as of the close of trading on Friday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China.

TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Best Buy Ratings Report.

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