Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Best Buy Co. Inc. shares valued at $7,715,952 were sold by Barry Corie S on Sep 11 ’24. At $96.66 per share, Barry Corie S sold 79,829 shares. The insider’s holdings dropped to 358,241 shares worth approximately $33.44 million following the completion of this transaction.
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Also, Barry Corie S purchased 79,829 shares, netting a total of over 7,715,953 in proceeds.
Before that, Scarlett Kathleen had sold 40,169 shares from its account. In a trade valued at $4,000,732, the SEVP, HR, Corp Affair & Canada traded Best Buy Co. Inc. shares for $99.60 each. Upon closing the transaction, the insider’s holdings decreased to 40,169 shares, worth approximately $7.19 million.
As published in a research note from Telsey Advisory Group on August 30, 2024, Best Buy Co. Inc. [BBY] has been retained to an Outperform and the price target has been revised to $115. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of June 03, 2024, Citigroup has increased its “Sell” rating to a “Buy” for BBY. Earlier on May 23, 2024, Telsey Advisory Group downgraded its rating. Their new recommendation was “a Market perform” for BBY stock which previously was a “an Outperform”.
Analyzing BBY Stock Performance
During the last five days, there has been a drop of approximately -5.40%. Over the course of the year, Best Buy Co. Inc. shares have jumped approximately 19.25%. Nevertheless, trading volume fell to 1.5 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Best Buy Co. Inc. (BBY)
RSI (Relative Strength Index) is 38.81 on the 14-day chart, showing neutral technical sentiment.
