Best Buy Co. Inc.’s recent filing unveils that its SVP, Controller & CAO Watson Mathew unloaded Company’s shares for reported $0.29 million on Apr 09 ’24. In the deal valued at $82.43 per share,3,520 shares were sold. As a result of this transaction, Watson Mathew now holds 22,118 shares worth roughly $1.73 million.
Then, Barry Corie S sold 28,042 shares, generating $2,293,695 in total proceeds. Upon selling the shares at $81.80, the CEO now owns 429,159 shares.
Before that, Bilunas Matthew M sold 8,258 shares. Best Buy Co. Inc. shares valued at $675,463 were divested by the SEVP Enterprise Strategy & CFO at a price of $81.80 per share. As a result of the transaction, Bilunas Matthew M now holds 90,694 shares, worth roughly $7.07 million.
Jefferies reiterated its Best Buy Co. Inc. [BBY] rating to a Buy in a research note published on April 08, 2024; the price target was $94. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “an Overweight”. Telsey Advisory Group also remained covering BBY and has increased its forecast on March 20, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Telsey Advisory Group maintained its rating on March 01, 2024. It rated BBY as “a Market perform”.
Price Performance Review of BBY
On Friday, Best Buy Co. Inc. [NYSE:BBY] saw its stock fall -2.51% to $78.00. Over the last five days, the stock has lost -2.02%. Best Buy Co. Inc. shares have fallen nearly -0.36% since the year began. Nevertheless, the stocks have risen 6.60% over the past one year. While a 52-week high of $86.11 was reached on 02/29/24, a 52-week low of $62.30 was recorded on 01/19/24. SMA at 50 days reached $77.78, while 200 days put it at $74.97. A total of 2.71 million shares were traded, compared to the trading of 2.46 million shares in the previous session.
Levels Of Support And Resistance For BBY Stock
The 24-hour chart illustrates a support level at 76.96, which if violated will result in even more drops to 75.92. On the upside, there is a resistance level at 79.09. A further resistance level may holdings at 80.19. The Relative Strength Index (RSI) on the 14-day chart is 45.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.31%. Stochastics %K at 26.34% indicates the stock is a holding.
