Best Buy closes at $74.33 after gaining 4.28%

Published: May 27 2023, 02:01 GMT+0

Best Buy closes at $74.33 after gaining 4.28%

A quick look at yesterday: the renowned consumer electronics supplier went up to $74.33, gaining 4.28%.

Nevertheless, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other consumer discretionary stocks also showed bullish price action as Amazon was up 4.44%. Tesla gained 4.72%, as it traded at $193.17. Lowe's traded at $206.52 after closing yesterday's trading day at $201.04 (up 2.73%).

Pointing downwards for around 3 months. The renowned consumer electronics supplier has fallen back around 22.03% from the significant high of $91.42 set 3 months ago.