Shares of Best Buy Co., Inc. (BBY) dropped 4% on Wednesday morning after the announcement of the CEO transition.
The stock is currently trading at $63.82, down $2.77 or 4.16%, on the NYSE. It opened at $63.71 after closing the previous session at $66.59. The stock has traded between $59.77 and $84.99 over the past 52 weeks.
Best Buy said CEO Corie Barry will step down at the end of the third quarter, with Jason Bonfig set to take over the reins.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.