Shares of Best Buy (NYSE: BBY) closed 2.5% lower on Friday, January 14, and slid a further 1.24% in the pre-market hours today. Moreover, with an 8.06% decline, the share price performance over the past year is not so encouraging either. The prices seemed to be doing well for a brief period last year and peaked on November 22. However, despite better-than-expected 3QF22 results that were released on November 23, the prices fell sharply and have been on a downward trajectory ever since. Ongoing supply-chain issues and a lackluster 4QF22 projection seemed to have driven investors out of the BBY stock.
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