Best Buy Co. Inc’s recently made public that its Officer Bilunas Matthew M acquired Company’s shares for reported $3.78 million on Mar 24 ’25. In the deal valued at $74.20 per share,51,000 shares were bought.
Then, Watson Mathew bought 2,951 shares, generating $214,380 in total proceeds.
Before that, Bonfig Jason J bought 4,867 shares. Best Buy Co. Inc shares valued at $353,571 were divested by the Officer at a price of $72.65 per share.
Telsey Advisory Group reiterated its Best Buy Co. Inc [BBY] rating to an Outperform in a research note published on March 05, 2025; the price target was $100. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering BBY and reiterated its “an Outperform” recommendation on August 30, 2024. UBS revised its rating on June 17, 2024. It rated BBY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BBY
On Tuesday, Best Buy Co. Inc [NYSE:BBY] saw its stock fall -1.39% to $74.62. Over the last five days, the stock has gained 2.04%. Best Buy Co. Inc shares have fallen nearly -13.03% since the year began. Nevertheless, the stocks have fallen -7.24% over the past one year. While a 52-week high of $103.71 was reached on 02/20/25, a 52-week low of $69.29 was recorded on 03/13/25. SMA at 50 days reached $82.89, while 200 days put it at $88.33.
Levels Of Support And Resistance For BBY Stock
The 24-hour chart illustrates a support level at 73.96, which if violated will result in even more drops to 73.31. On the upside, there is a resistance level at 75.43. A further resistance level may holdings at 76.25. The Relative Strength Index (RSI) on the 14-day chart is 40.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.76%. Stochastics %K at 40.21% indicates the stock is a holding.
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 2025-03-14, dropping by -2.44 million shares to a total of 14.06 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 16.49 million shares. There was a decline of -17.32%, which implies that there is a negative sentiment for the stock.
