Why Best Buy Stock Slipped 11% in February
Shares of Best Buy (NYSE: BBY) were falling last month as the coronavirus sell-off combined with an earnings report that was solid but not strong enough to overcome fears about an outbreak. According to data from S&P Global Market Intelligence, the stock finished the month down 11%.
As you can see from the chart below, the stock mostly tracked with the S&P 500 over the month but fell more sharply over the last week of February as coronavirus fears rocked the market and the fourth-quarter report came out at the end of February.
Source Fool.com
