Large Outflow of Money Witnessed in Best Buy Co.

Best Buy Co. (BBY) : The value of composite uptick trades was $0.45 million, whereas, the value of composite downtick trades was $1.42 million. The uptick to downtick ratio stood at 0.32 with a negative money flow of ($0.97) Million during Fridays trading session. The block trades money flow was negative ($1.08 million). The transaction of the trades on downticks amounted to $1.08 million, which confirms investors selling on the strength of price. Best Buy Co. (BBY) gained 7 cents at $32.35, an increase of 0.22% over the previous days close.


Best Buy Co. (BBY) : The highest short term price target forecast on Best Buy Co. (BBY) is $45 and the lowest target price is $21. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $33.27 with a standard deviation of $6.57.

Best Buy Co. (NYSE:BBY): On Fridays trading session , Opening price of the stock was $32.15 with an intraday high of $32.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.91. However, the stock managed to close at $32.14, a loss of 0.43% for the day. On the previous day, the stock had closed at $32.28. The total traded volume of the day was 3,515,048 shares.

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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