Best Buy Co. Inc.’s filing revealed that its CEO Barry Corie S unloaded Company’s shares for reported $7.72 million on Sep 11 ’24. In the deal valued at $96.66 per share,79,829 shares were sold. As a result of this transaction, Barry Corie S now holds 358,241 shares worth roughly $33.2 million.
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Then, Barry Corie S bought 79,829 shares, generating $7,715,953 in total proceeds.
Before that, Scarlett Kathleen sold 40,169 shares. Best Buy Co. Inc. shares valued at $4,000,732 were divested by the SEVP, HR, Corp Affair & Canada at a price of $99.60 per share. As a result of the transaction, Scarlett Kathleen now holds 76,972 shares, worth roughly $7.13 million.
Telsey Advisory Group reiterated its Best Buy Co. Inc. [BBY] rating to an Outperform in a research note published on August 30, 2024; the price target was $115. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Citigroup also remained covering BBY and has increased its forecast on June 03, 2024 with a “Buy” recommendation from previously “Sell” rating. Telsey Advisory Group revised its rating on May 23, 2024. It rated BBY as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of BBY
On Friday, Best Buy Co. Inc. [NYSE:BBY] saw its stock fall -1.53% to $92.68. Over the last five days, the stock has lost -3.60%. Best Buy Co. Inc. shares have risen nearly 18.40% since the year began. Nevertheless, the stocks have risen 37.12% over the past one year. While a 52-week high of $103.71 was reached on 08/29/24, a 52-week low of $62.30 was recorded on 05/23/24. SMA at 50 days reached $96.08, while 200 days put it at $83.60.
Levels Of Support And Resistance For BBY Stock
The 24-hour chart illustrates a support level at 91.72, which if violated will result in even more drops to 90.77. On the upside, there is a resistance level at 94.07. A further resistance level may holdings at 95.46. The Relative Strength Index (RSI) on the 14-day chart is 38.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.67%. Stochastics %K at 18.01% indicates the stock is a buying.
How much short interest is there in Best Buy Co. Inc.?
A steep rise in short interest was recorded in Best Buy Co. Inc. stocks on 2024-10-15, growing by 0.63 million shares to a total of 14.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.68 million shares. There was a rise of 4.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 08, 2024 when Jefferies resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $94.
