Best Buy Co. along with SIN and Nu Skin Enterprises Emerge as Losers on the Stock Market

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Best Buy Co
Best Buy Co

A lowered guidance for the fourth quarter profit and unfortunate comparable sales over the holiday brought down the shares of Best Buy Co., Inc. (NYSE:BBY) by -6.04% during the last session of the day’s trading; Goldman also brought the stock down from Buy to Neutral. Telsey Advisory Group lowered the target of $50 to $33. The stock started at $27.01 and during the day Best Buy Co., Inc.  (NYSE:BBY) went up as high as $27.05. After going down by -8.95% the shares closed at a value of $24.43; the stock’s range over the day was between $24.41 and $27.05. Market capitalization of Best Buy Co., Inc. (NYSE:BBY) is a value of $8.45 billion; during the session the share volume of the stock had shares of 60.43 million whereas its average volume shares is 8.12 million.

The news of illegal scheme regarding pyramid isn’t doing Nu Skin Enterprises, Inc. (NYSE:NUS) any good; the news of the case’s investigation has brought the shares of Nu Skin Enterprises, Inc. (NYSE:NUS) down by -8.47% during the last session of trading; BofA/Merrill also brought the stock down from Buy to Neutral. Shares of Nu Skin Enterprises, Inc. (NYSE:NUS) opened at $80.32 and went up as high as $85.64 during the day; after going down by -6.29% the shares closed at a value of $79.47. The weekly performance of the stock was -42.28%.

News wasn’t good for SINA Corp (NASDAQ:SINA) as Jefferies pulled down the stock from Buy to Hold; in the last session of the day’s trading shares of the company dropped down by -6.14%. Shares of SINA Corp (NASDAQ:SINA) also saw a drop by -6.90% on the 17th of January; the stock ended at $75.02 whereas its range over 52 weeks was between $45.54 and $92.83. The stock’s market capitalization was $5.00 billion. Last session of trading had overall share volume of 8.34 million whereas the stock’s share capital has outstanding shares of 66.64 million.

 

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