Large Outflow of Money Witnessed in Best Buy Co.

Best Buy Co. (NYSE:BBY) traded higher in the last at $30.38, gaining 0.71 points or 2.39%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-5.94) million. The composite uptick value of $20.6 million was eclipsed by the accrued downtick value of $26.54 million, thereby ensuring the up/down ratio of 0.78. For the week, the shares have posted returns of 3.19%.A block trade registered during the day has revealed $3.03 million in upticks and $9.19 million in downticks. The up/down ratio in this case turned out to be 0.33. The net money flow for the block trade was $(-6.16) million.

Shares of Best Buy Co., Inc. appreciated by 2.92% during the last five trading days but lost 0.54% on a 4-week basis. Best Buy Co., Inc. has dropped 5.95% during the last 3-month period . Year-to-Date the stock performance stands at 2.68%.

Currently 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 -42.89% . Institutional Investors own 86.71% of Best Buy Co. shares. During last six month period, the net percent change held by insiders has seen a change of -39.94%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & CEO) of Best Buy Co Inc, Joly Hubert had sold 398,000 shares worth of $12,831,520 in a transaction dated June 2, 2016. In this transaction, 398,000 shares were sold at $32.24 per share.

Best Buy Co. (NYSE:BBY) rose 2.12% or 0.63 points on Friday and made its way into the gainers of the day. After trading began at $29.67 the stock was seen hitting $30.95 as a peak level and $29.54 as the lowest level. The stock ended up at $30.3. The daily volume was measured at 7,643,088 shares. The 52-week high of the share price is $39.095 and the 52-week low is $25.31. The company has a market cap of $9,779 million.

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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