Shares of Best Buy Co. (BBY) Sees Large Outflow of Money

Best Buy Co. (BBY) : The total money flow in Best Buy Co. (BBY) was negative ($37.58 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $54.05 million. Transactions on upticks were comparatively lower at $16.46 million. The uptick to downtick ratio was 0.3. The total block trades done on upticks were valued at $4.05 million. The total block trades on downticks were valued at $41.72 million. The uptick to the downtick ratio of block trades was 0.1. The money flow during block trades was negative ($37.67 million) when the stock traded with a gain of $36 cent. Best Buy Co. (BBY) was $31.76, an increase of 1.15% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.31% and the 50-Day Moving Average is 2.68%. Shares have dropped -9.63% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $39.10 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $30.80 and the 200 Day Moving Average price is recorded at $30.88.

Best Buy Co. (NYSE:BBY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.67 and $31.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.76, notching a gain of 1.15% for the day. The total traded volume was 4,721,386 . The stock had closed at $31.40 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Joly Hubert, director officer (Chairman & CEO) of Best Buy Co Inc, had unloaded 398,000 shares at an average price of $32.24 in a transaction dated on June 2, 2016. The total value of the transaction was worth $12,831,520.

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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