Whoa! What Just Happened to My Stock?: Millennial Media, Inc. (MM) and More

Still, investors should know better than to trade on speculation. Plenty of rumors turn out to be just that — rumors — and nothing ever develops even if they make all the sense in the world. Until something concrete is actually announced, however, you’d be driving blind by jumping in at this point.

Such a deal!
Showrooming, or using big-box retailers as your research department so you can go and buy a product cheaper online later on, may have hit a wall, at least when it comes to Best Buy, the company that epitomized the impact the trend was having on bricks-and-mortar sales. After fumbling for a response to the trend, it seems to have hit its stride this past Christmas by implementing a price-matching policy that kept its prices — if not its margins — competitive.

Now, the electronics superstore has determined to keep that policy in place year-round, following in the footsteps of Target Corporation (NYSE:TGT), which also adopted the 24/7/365 pricing strategy. Even though the stock is up 42% year to date, Best Buy might still be a good buy for some investors.

The article Whoa! What Just Happened to My Stock? originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Cummins and Westport Innovations.

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