Column: ‘Webrooming’ on Amazon
It was one happy day on Wall Street yesterday, and the happiest of all were investors in Best Buy. Its shares jumped 6.5%, closing at $39.04, making it the day’s top gainer in the Standard & Poor’s 500 Index.
Moreover, a look at the reasons for that enthusiasm could spread some cheer well beyond Best Buy.
Best Buy was the focus of two new analyst reports, both reporting greater demand for electronics and other big-ticket items. Combined with other reports looking ahead to the holiday season, there’s reason for optimism through the end of the year.