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Los Angelas, CA -- (SBWIRE) -- 10/26/2012 -- Best Buy Co., Inc (NYSE:BBY) is -1.75 - -10.34% from the previous close of $16.92. It traded between $15.0671 - 16.34 with total traded volume of 16011998 shares. Keep a close eye on BBY, as the stock has been showing unusual moves over the past weeks. At Current market price, BBY has recovered +0.66% from its 52-week Low of 15.07 and has Pulled back -46.83% from its 52-week high of 28.53. Best Buy Co. (NYSE:BBY): After the leading firm in the sector, Best Buy Co., warned that their third quarter earnings per share would drop significantly compared with the same period in 2011, electronics retailer Hhgregg (NYSE:HGG) is sinking. Best Buy added that their comparable sales, in the third quarter, would drop by an amount similar to the first and second quarters of this year. Best Buy’s comparative sales fell 5.3% in the first quarter and 3.2% in the second quarter. In mid-morning trading, Best Buy dropped $1.53, or 9.04%, to $15.39, while hhgregg gave back 54c, or 7.45%, to $6.71. Their shares closed at $15.17, down $1.75 or 10.34% on the day. They have traded in a 52-week range of $16.25 to $28.53.
How Should Investors Trade BBY Now? Find Out Here
Sprint Nextel (NYSE:S) the No. 3 wireless carrier, reported Thursday that subscribers abandoned it in the third quarter for its larger competitors, Verizon Wireless and AT&T. As a result, the company’s loss more than doubled from the third quarter of 2011, although it was smaller than most analysts expected.This was the first time Sprint Nextel lost overall subscribers in two and a half years, as customers gave up on the moribund Nextel network and the company failed to sign up enough of them on the Sprint network. It was also the first time Sprint Nextel reported quarterly results since it agreed this month to sell a 70 percent stake to the Japanese telecommunications company SoftBank for $20.1 billion. The deal has not closed yet, but Sprint has already borrowed money from SoftBank. Sprint lost 423,000 subscribers in the July to September period, as trends across its product lineup were weak. Sprint Nextel Co (NYSE:S) is -0.10 - -1.78% from the previous close of $5.62. It traded between $5.49 - 5.72 with total traded volume of 106805464 shares. At Current Market Price, S is in distance of +2.55% from its 50-day Moving Average price of $5.3825 and +42.32% from its 200-day Moving Average price of $3.8786.
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Internet Radio provider Pandora (NYSE:P) fell more than 14 percent on Thursday afternoon after Bloomberg reported that Apple (NASDAQ:AAPL) plans to launch an Internet radio service of its own in 2013. The sharp drop in Pandora shares was so substantial that it triggered two circuit breaker halts within a span of ten minutes before returning to normal trading. Pandora Media, In (NYSE:P) is -1.09 - -11.73% from the previous close of $9.29. It traded between $7.32 - 9.55 with total traded volume of 16717856 shares. At Current Market Price, P is in distance of -18.81% from its 50-day Moving Average price of $10.10 and -18.06% from its 200-day Moving Average price of $10.0074.
Should Investor Exit From P or Wait For BUY: CHECK HERE
Bank of America C (NYSE:BAC) is -0.07 - -0.75% from the previous close of $9.31. It traded between $9.17 - 9.415 with total traded volume of 121778840 shares. Keep a close eye on BAC, as the stock has been showing unusual moves over the past weeks. At Current market price, BAC has recovered +87.80% from its 52-week Low of 4.92 and has Pulled back -8.51% from its 52-week high of 10.10.Bank of America (BAC) on Wednesday was the loser among the largest U.S. financial names on Thursday, with shares declining 1% to close at $9.24. The broad indexes ended with slight gains, after the National Association of Realtors reported that its pending home sales index rose by a smaller-than-expected 0.3% in September after falling 2.6% in August amid a decline in the Midwest by 5.8%. The consensus expectation among economists was for pending new home sales to rise 2.1% in September.
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