Shares of Best Buy Co. (BBY) Rally 1.39%

Best Buy Co. (BBY) : During the past 4 weeks, traders have been relatively bearish on Best Buy Co. (BBY), hence the stock is down -0.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.1% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.39% in the last 1 week, and is up 3.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.65% and the 50-Day Moving Average is 1.43%.

Best Buy Co. (NYSE:BBY): The stock opened at $31.82 on Friday but the bulls could not build on the opening and the stock topped out at $31.82 for the day. The stock traded down to $31.01 during the day, due to lack of any buying support eventually closed down at $31.38 with a loss of -1.20% for the day. The stock had closed at $31.76 on the previous day. The total traded volume was 4,086,203 shares.


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 87.08% of Best Buy Co. shares. During last six month period, the net percent change held by insiders has seen a change of -39.94%. In a related news, The director officer (Chairman & CEO), of Best Buy Co Inc, Joly Hubert had unloaded 398,000 shares at $32.24 per share in a transaction on June 2, 2016. The total value of transaction was $12,831,520. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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