Best Buy Co Inc (BBY.xnys)

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Best Buy Co Inc (BBY.xnys) Profile

Best Buy Co Inc (BBY.xnys) is an international consumer electronics retailer headquartered in Minnesota, America. Best Buy offer consumer electronics and a wide range of related merchandise, including software, video games, mobile phones, music, car stereos, digital cameras and video cameras. Under the Geek Squad brand, Best Buy also provide computer repair, warranty service, and accidental service plans. Best Buy operates in Canada, Mexico and U.S.A with almost 102,000 employees in 1,159 stores in 977 locations. Best Buy markets its products under brands such as Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, GreatCall, Magnolia, and Pacific Kitchen and Home. Best Buy Co Inc. stock (BBY.xnys) is listed on the New York Stock Exchange (NYSE), has a market capitalisation of $26.28B (USD) as of November 2021 and $47.26B (USD) in 2021 yearly revenue. Best Buy recently acquired Yardbird intending to expand its outdoor living selection. The company also announced that it will bring new store pilots to Charlotte, North Carolina, offering new shopping experiences to Best Buy customers, and it will open a new technology and analytics office in Atlanta. After investing in solar projects across the country, Best Buy aims to reduce carbon emissions by 75% by 2030 and achieve net-zero emissions by 2040.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
16:30-23:00
Mon
16:30-23:00
Tue
16:30-23:00
Wed
16:30-23:00
Thu
16:30-23:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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