Best Buy (BBY) Loses -9.37% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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Best Buy (BBY) has experienced a significant decline of 9.37% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
November 07, 2024 | 3:45 pm
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Best Buy's stock has declined by 9.37% in the past month, but it is now considered oversold. Analysts are revising earnings estimates upwards, suggesting a potential trend reversal.
The stock's oversold status and upward revisions in earnings estimates by analysts suggest that the selling pressure may have exhausted, indicating a potential upward movement in the stock price.
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