How To Buy Best Buy Stock

You can buy Best buy shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Best buy shares with a broker like eToro or you can trade Best buy CFDs with XTB you can begin trading Best buy shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Best buy stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker eToro XTB Plus500 FXPrimus Trading212 AvaTrade
Rating
Used By 12,000,000+ 250,000+ 15,500+ 10,000+ 14,000,000+ 200,000+
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Scroll down to read our indepth article on How To Buy Best Buy Stock. What you should know, Types of trading Best buy Stock and CFD's. Pros and Cons, everything is explained below.

How To Buy Best Buy Stock Table of Contents

Best buy Financial Details

Financial Details

Best buy Stock symbol BBY
Best buy Sector and Industry Consumer Discretionary Retail - Discretionary
Best buy Exchange NASDAQ - National Association of Securities Dealers Automated Quotations exchange
52 Week High $91.83
52 Week Low $57.78
Best buy Market Capitalisation $22,182,364,755.00
Best buy Average Volume 2,177,689.00
Best buy PE 15.21
Best buy EPS 5.64
Stock Currency USD

Overview of Best buy

Best buy is an American Consumer Discretionary Retail - Discretionary company currently traded on the NASDAQ which fully known as the National Association of Securities Dealers Automated Quotations exchange.

Best buy trades under the stock symbol BBY on the NASDAQ.

Best buy shares are exchanged in USD on the NASDAQ.

Best buy has a current share price of $85.79 USD dated 31/01/2020.

The highest Best buy share price over the last 52 weeks was $91.83 USD and its lowest price over the last 52 weeks was $57.78 USD. That is a 52 week price range of $57.78 - $91.83.

Best buy Trading Volume and PE

Best buy currently has 258,777,000.00 active shares in circulation traded through the NASDAQ exchange.

Best buy market capitalization is $22,182,364,755.00 with an average daily trading volume of 2,177,689.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Best buy has a Price Earning Ratio ( PE ) of 15.21 and earning per share ( EPS ) of 5.64. Generally speaking Best buy having a high P/E ratio means that Best buy investors forsee increased growth with Best buy in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Best buy earnings per share is Disney company profit that's allocated to every Best buy common stock. Earnings per share is calculated by taking the difference between Best buy's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Best buy shares outstanding.

Best buy Financial Charts

Financial Details

Best buy Information

Best buy Location & Contact Information

Address 7601 Penn Avenue South Richfield, MN 55423 United States
Phone Number 1-612-291-1000
Website URL www.bestbuy.com

Best buy Executives and Board Members

Chairman Hubert Joly
Chief Executive Officer Corie S Barry
President/COO R Michael Mohan
Best buy Board Member Hubert Joly
Best buy Board Member J Patrick Doyle
Best buy Board Member Russell P Fradin

How To Buy Best Buy Stock Guide

Buying Best buy Stocks and CFDs

When investing in Best buy you have several options as to what type of investment you wish to conduct. You can buy traditional Best buy shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Best buy shares with stock brokers and trading Best buy with CFDs below.

Best buy CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Best buy stock.

If you buy Best buy shares with a stock broker you actually own a share of Best buy. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Best buy price will change up or down.

Lets explain why you would buy Best buy as a CFD instead of as a share.

If you went and brought 100 Best buy shares at $100 a share with a stock broker you own $1000 of Best buy.

The main difference when trading Best buy as a CFD and buying Best buy as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Best buy you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Best buy. Trading an Best buy CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Best buy CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Best buy share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

An Best buy CFD long would be hoping to profit from a rise in the Best buy share price. An Best buy CFD short would be aiming to profit from a fall in the Best buy stock price. Trading CFDs allows traders to profit from both directions of the Best buy price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Best buy shares you can only profit from a rise in the Best buy stock price.

Best buy CFD and Stock Market Times

When trading in traditional Best buy shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Best buy Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Best buy stock. This limits your risk to your initial amount invested in Best buy. You can only lose the amount invested with traditional Best buy shares. Another benefit of buying Best buy shares with a broker is that you may be eligible to receive Best buy company dividends if applicable.

If you Invest in Best buy via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Best buy. If you buy Best buy stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Best buy benefits as in owning a certain amount of stock for a set period.

If you own shares in Best buy you may be eligible to voting rights at Best buy shareholder general meetings.

Best buy Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Best buy Stocks and shares are only exempt from tax if the Best buy shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Best buy Stocks and Shares or Best buy CFDs?

There are pros and cons to trading in both Best buy Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Best buy stocks and shares is better suited for long term investments. Historically Best buy shares provide better returns over the long term, usually a 10 year period.

Best buy CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Best buy share investors aim to profit on the fluctuating highs and lows of the Best buy price throughout the day. Day trading as you can imagine focuses on profiting from the daily Best buy stock price change.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Best buy stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Best buy share price for example to a known amount.

Example Cost of Buying Best buy as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Best buy CFD trade example Best buy Share deal example
Market price $85.79 $85.79
Broker Deal Invest $17.158 at 1:5 Margin (20%) Buy at $85.79 a share
Deal size 100 shares 100 shares
Initial outlay

$1715.8

(Margin = exposure x 20% margin factor)

$8579

(100 shares at $85.79)
Stamp duty No £20
Close price Sell at $102.948 Sell at $102.948
Estimated Profit

(17.158 point increase x 100 shares = $1715.8)

*Not including commission fees and taxes

($10294.8 - $8579 = $1715.8)

*Not including commission fees and taxes
Trade Best buy CFDs now with XTB Trade Best buy Shares now with Etoro

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Best buy shares and CFDs.

We compare multiple aspects of brokers to help you make a more education decision when investing in Best buy.