What Moved Best Buy Stock? Trefis Team Tue, November 10, 2026 at 8:11 AM EST 3 min read BBY -0.73% ^GSPC +2.35% ^IXIC +2.74% AMZN -0.59% WMT +0.59% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
For questions about this article or underlying research, email help@trefis.com.
Best Buy (BBY) shares rose 6.7% on Monday, November 9, 2026, outpacing the S&P 500's 2.3% gain. The company issued no announcement, earnings report or filing around the move. The advance occurred on a day Wall Street rebounded from a steep sell-off in global technology stocks the week before, with the Nasdaq Composite up 2.7%. So what has been happening in Best Buy's own business?
Computing Led Best Buy's Latest Sales Growth
In the fiscal second quarter of 2027, which ended August 1, 2026, Best Buy's revenue rose 3.6% from a year earlier. Management said on the August 27 call that computing growth led the way. Home theater was the second-biggest driver, and sales of newer categories such as AI glasses and trading cards more than doubled.
Some of that technology now costs shoppers more. Management said industry-wide memory cost increases were raising product costs, with higher prices flowing into its assortment. In computing, the average selling price rose by a mid-teens percentage in the quarter, while units fell by a high single digit. Management described customers who are still spending, but remain value-focused and attracted to sales moments.
Retail Rose Too, But Best Buy Rose More
Best Buy moved the same way as its sector and its peers that day, but further. The SPDR consumer discretionary sector fund, XLY, rose 2.9%, and all four of the other companies on the Trefis peer list for Best Buy rose too. Target gained 4.0% and Walmart 0.1%. Amazon and Home Depot each gained 2.9%. So Best Buy rose with its group, by more than twice as much as the sector fund.
Best Buy Stock Closed At A One-Year High
The $106.28 close on November 9 was Best Buy's highest of the past year. Gains this large are not new for the stock. It posted three rises at least this big in the prior 365 days, most recently an 8.0% gain on November 4.
Over the past twelve months the stock returned 42.3%, against 13.7% for the S&P 500. The climb began after a low in May: Best Buy's lowest close of the past year was $55.52, on May 13. Over the six months from May 11, a window that takes in that low, the stock returned 88.9%, against 2.4% for the index. At the November 9 close, Best Buy traded at 0.53 times its sales over the past twelve months, against 3.1 times for the S&P 500. On earnings the gap is far smaller: 17.7 times against 21.8 times.
Best Buy is expected to report its fiscal third quarter of 2027 later in November 2026. Comparable sales growth, which management guided to 1% to 3% for that quarter, is the measure to watch.
Beyond BBY: A Systematic Way To Invest
Before you decide on BBY, consider a better choice. Since its September 2020 launch, the Trefis High Quality (HQ) Portfolio has returned 105%, ahead of a benchmark that combines the S&P 500, S&P MidCap and Russell 2000, without betting on one stock.
Spot an error or want more like this? Tell us in 10 seconds.
