Best Buy Stock Rallies Amid GameStop Takeover Speculation, Analyst Clarifies
Best Buy's stock experienced a significant jump following speculation that it could be an acquisition target for GameStop, though the analyst who initiated the speculation has since clarified the situation.
The Story
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Best Buy’s stock is rallying amid takeover speculation. But here’s the real story.
Some attributed the jump in Best Buy’s stock to the prospect of a takeover by GameStop, but the analyst who wrote the note that started that speculation says otherwise.
By Bill Peters
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