Shares of Best Buy Co. (BBY) Sees Large Inflow of Net Money Flow

Best Buy Co. (BBY) : $1.06 million worth of transactions were on upticks in Best Buy Co. (BBY), compared to $0.77 million on downticks. The ratio between the two was 1.37, whereas, the net money flow stood at a healthy $0.28 million on Fridays session. The consistent buying on upticks in the stock accounted for $0million worth of trades. The total money flow into the stock stood at $0 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.23%. The stock was trading at $38.45, with a drop of $0.09 over the previous days close. The stock recorded -2.61% for the week.


The company Insiders own 1.21% of Best Buy Co. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.17% . Institutional Investors own 86.27% of Best Buy Co. shares. During last six month period, the net percent change held by insiders has seen a change of -43.08%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Merchandising Officer) of Best Buy Co Inc, Mohan Rajendra M had sold 221,335 shares worth of $8,525,824 in a transaction dated August 31, 2016. In this transaction, 221,335 shares were sold at $38.52 per share.

Best Buy Co. (NYSE:BBY): The stock opened at $38.54 and touched an intraday high of $39.26 on Friday. During the day, the stock corrected to an intraday low of $38.31, however, the bulls stepped in and pushed the price higher to close in the green at $38.75 with a gain of 0.54% for the day. The total traded volume for the day was 3,621,520. The stock had closed at $38.54 in the previous trading session.

Best Buy Co. (BBY) has risen sharply, recording gains of 13.14% in the past 4 weeks. However, the stock has corrected -1.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 13.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.

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