Here's Why Best Buy Stock Is Going Back Up
In just under a month, shares of Best Buy (NYSE: BBY) have risen nearly 29% as of this writing. That was a fast rebound from the more than 40% decline shares experienced earlier this year as the reality of the COVID-19 pandemic set in on Wall Street. But even after the partial recovery, shares are down over 25% year to date.
Still, investors understandably want to know why Best Buy stock has been recovering lately, and even more importantly, they want to know whether the company is a good investment going forward.
Best Buy's stock has recovered from lows. Image source: Getty Images.
Source Fool.com
