NEW YORK — Shares of Best Buy Co Inc (NYSE: BBY) experienced a significant sell-off during Friday’s trading session, ending the day sharply lower. The electronics retailer’s stock closed regular trading hours at $56.17, marking a substantial decline of 8.25%, or $5.05 per share for the day.
The drop represents a considerable move away from its previous closing price of $61.22, as indicated on the intraday chart. Investor sentiment appeared negative throughout the April 8th session, with the stock price showing a consistent downward trend after opening near the day’s high.
Activity continued after the market close, with Best Buy shares dipping slightly further in after-hours trading. As of the latest reports, the stock was trading at $55.80, reflecting an additional decrease of 0.66% or $0.37 from the official closing price.
The heavy decline places BBY stock under pressure, erasing recent gains and highlighting volatility in the retail sector. Investors are closely watching the stock’s performance following this notable single-day percentage drop on the NYSE.