Large Inflow of Money Witnessed in Best Buy Co.

Best Buy Co. (NYSE:BBY) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $30.06 with a loss of -0.32 points or -1.05%. The net money flow was $10.31 million and the up/down ratio was 1.75. Approximately $24.14 million was the inflow in upticks and $13.83 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -0.79%.The shares witnessed a block transaction with a net money flow of $10.59 million. The total money in uptick was $10.59 million and in downtick was $0 million with the up/down ratio reaching 0.


The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 4.37%. The company shares have dropped 12.88% in the past 52 Weeks. On September 17, 2015 The shares registered one year high of $39.1 and one year low was seen on January 15, 2016 at $25.31. The 50-day moving average is $31.36 and the 200 day moving average is recorded at $30.85. S&P 500 has rallied 1.93% during the last 52-weeks.

Best Buy Co. (NYSE:BBY): The stock opened at $30.46 on Tuesday but the bulls could not build on the opening and the stock topped out at $30.59 for the day. The stock traded down to $30.01 during the day, due to lack of any buying support eventually closed down at $30.06 with a loss of -1.05% for the day. The stock had closed at $30.38 on the previous day. The total traded volume was 4,067,183 shares.

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., 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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