Stocks of Best Buy Co. (NYSE:BBY) rallied by 2.92% during the past week but lost 6.31% on a 4-week basis. The company has outperformed the S&P 500 by 4.16% in the past week but underperformed the index by 7.16% in the last 4 weeks.
Best Buy Co. (NYSE:BBY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.67 and $29.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.30, notching a gain of 2.12% for the day. The total traded volume was 7,643,088 . The stock had closed at $29.67 on the previous day.
The company shares have dropped -13.23% 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 $31.41 and the 200 Day Moving Average price is recorded at $30.86.
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.
Many analysts have stated their opinion on the company shares. Longbow Research initiates coverage on Best Buy Co. (NYSE:BBY). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on June 16, 2016. 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%.
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 (bestbuy.com), 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.