Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Best Buy (BBY) Dropped To A New Low Following CEO Resignation

RELATED NEWS
Trade BBY now with 

Best Buy (BBY: Quote) announced Tuesday that Chief Executive Officer Brian Dunn has resigned from the position and as a director, effective immediately. He leaves the company after serving it for the past 28 years. The company said Director Mike Mikan will replace Dunn as the interim CEO, while it initiates a search for a new CEO.

Best Buy fell sharply in the first 45 minutes of trade Tuesday and slipped further late in the afternoon. The stock ended the session lower by 1.33 at $21.32 on strong volume. Best Buy has been declining for the past 2 weeks and set a new low for the year.

Click here to receive FREE breaking news email alerts for Best Buy Co Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
United Nations Secretary-General Ban Ki-moon on Tuesday urged both Israelis and Palestinians to stop the fighting that has been raging for the past two weeks in the Gaza Strip, and pleaded with the two sides to return to dialogue with the aim of addressing the underlying causes of the repeated cycles... After moving notably higher in early trading on Tuesday, stocks continued to perform well throughout the session. The gains on the day offset the modest weakness that was seen in the previous session, extending the recent back-and-forth movement by the markets. Two federal appeals courts have issued contradictory rulings over the federal government's ability to provide subsidies under Obamacare, suggesting that the future of President Barack Obama's healthcare law could once again end up in the hands of the U.S. Supreme Court.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.