Shares of Best Buy Co. (NYSE:BBY) Sees Large Inflow of Net Money Flow

Best Buy Co. (NYSE:BBY) witnessed a selling pressure and the shares last traded with a loss of -0.1 points or -0.34% at $29.34. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $23.86 million with an inflow of $44.07 million in upticks and an outflow of $20.21 million in downticks. Using the data, the up/down ratio is found to be 2.18. The share price has recorded -9.3% on a weekly basis.A block trade of $27.88 million in uptick and $1.64 million in downtick was also observed, resulting in an up/down ratio of 16.95. The net money flow of the block trade stood at a $26.24, signaling heavy buying.


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,The director officer (Chairman & CEO) of Best Buy Co Inc, Joly Hubert sold 398,000 shares at $32.24 on June 2, 2016. The Insider selling transaction had a total value worth of $12,831,520. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Best Buy Co. (NYSE:BBY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.1 points or 0.34% at $29.34 with 5,925,733 shares getting traded. Post opening the session at $29.4, the shares hit an intraday low of $29.24 and an intraday high of $29.745 and the price was in this range throughout the day. The company has a market cap of $9,470 million and the number of outstanding shares have been calculated to be 322,752,740 shares. The 52-week high of Best Buy Co. (NYSE:BBY) is $39.095 and the 52-week low is $25.31.

Many analysts have stated their opinion on the company shares. Deutsche Bank downgrades their rating on the shares of Best Buy Co. (NYSE:BBY). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 25, 2016.

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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