Best Buy Plunges On Weak Holiday Comps; Stock Now At Lowest Level Since May 2014

Best Buy Co Inc (NYSE: BBY) shares are trading lower $2.46 at $26.86 in Thursday's session. Investors are exiting the issue as the company reported domestic sales comps are down 1.2 percent year over year.

After a sharply lower open, it continued in that direction until it found intraday support at $25.61 and reversed course. That marks the lowest level for the issue since May 23, 2014, when it bottomed at $25.37.

The ensuing rebound has stopped short of its early morning high of $27.24, so far, only reaching $27.11.