Best Buy’s Shares Drop as Chief CO Resigns

Best Buy Co., Inc. services the consumer market with appliances, electronics, entertainment, home office and related products. This multi-national retailer operates through both international and domestic segments. The Richfield, MN- based company, which operates under the bby Stock Symbol, was founded in 1966 by Richard M. Schulze. It began as Sound of Music, Inc., and changing names in 1983, to Best Buy Co., Inc.

Their domestic segment operates under several US brand names, such as: Napster, Geek Squad, Pacific Sales, Magnolia Audio Video, and of course Best Buy and Best Buy Mobile. Besides these, products are also marketed under such brand names as: Audiovisions, The Phone House,Future Shop, Five Star and The Carphone Warehouse. Best Buy Co. Inc.’s International segment of Best Buy Co. Inc. is comprised of territories in Turkey, China, Canada, Mexico and Europe.

The Best Buy Co., Inc. Stock Share Price traded downward during after-hours session on Monday. However, Best Buy Co.,Inc. Stock news about the resignation of the company’s Chief Commercial Officer has traders on the edge of their seats. Per an 8-K filing disclosure, the company announced that CO Jude Buckley would be moving on to pursue other business interests. His resignation will become effective immediately.

The BBY Stock Price Today is currently $25.17, a $.01 drop from yesterday’s closing price. $25.39 is the high so far today, with a $44.66 52-week BBY stock price high and 1,213,799 average volume. Even with the one-half percent bby Stock Price drop, investors are hopeful that stocks will increase once the new CO settles into position.

 

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