Best Buy Co. Inc’s recent filing unveils that its SEVP Enterprise Strategy & CFO Bilunas Matthew M unloaded 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 sold. As a result of this transaction, Bilunas Matthew M now holds 55,856 shares worth roughly $3.14 million.
Then, Bilunas Matthew M sold 9,482 shares, generating $688,839 in total proceeds. Upon selling the shares at $72.65, the SEVP Enterprise Strategy & CFO now owns 106,856 shares.
Before that, Watson Mathew sold 2,951 shares. Best Buy Co. Inc shares valued at $214,381 were divested by the SVP, Controller & CAO at a price of $72.65 per share. As a result of the transaction, Watson Mathew now holds 21,371 shares, worth roughly $1.2 million.
Citigroup downgraded its Best Buy Co. Inc [BBY] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering BBY and reiterated its “an Outperform” recommendation on November 27, 2024. Telsey Advisory Group maintained its rating on August 30, 2024. It rated BBY as “an Outperform”.
Price Performance Review of BBY
On Tuesday, Best Buy Co. Inc [NYSE:BBY] saw its stock fall -8.26% to $56.17. Over the last five days, the stock has lost -24.47%. Best Buy Co. Inc shares have fallen nearly -34.53% since the year began. Nevertheless, the stocks have fallen -29.44% over the past one year. While a 52-week high of $103.71 was reached on 02/20/25, a 52-week low of $57.34 was recorded on 04/08/25. SMA at 50 days reached $79.84, while 200 days put it at $87.32.
Levels Of Support And Resistance For BBY Stock
The 24-hour chart illustrates a support level at 52.63, which if violated will result in even more drops to 49.08. On the upside, there is a resistance level at 62.09. A further resistance level may holdings at 68.00. The Relative Strength Index (RSI) on the 14-day chart is 22.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.50%. Stochastics %K at 14.13% 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 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.
