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 $3,784,200 were sold by Bilunas Matthew M on Mar 24 ’25. At $74.20 per share, Bilunas Matthew M sold 51,000 shares. The insider’s holdings dropped to 55,856 shares worth approximately $3.74 million following the completion of this transaction.
Also, Bilunas Matthew M sold 9,482 shares, netting a total of over 688,839 in proceeds. Following the sale of shares at $72.65 each, the insider now holds 106,856 shares.
Before that, Watson Mathew had sold 2,951 shares from its account. In a trade valued at $214,381, the SVP, Controller & CAO traded Best Buy Co. Inc shares for $72.65 each. Upon closing the transaction, the insider’s holdings decreased to 2,951 shares, worth approximately $1.43 million.
As published in a research note from Citigroup on April 03, 2025, Best Buy Co. Inc [BBY] has been rated down from a Buy to a Neutral and the price target has been revised to $70. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of November 27, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for BBY. Earlier on August 30, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for BBY stock.
Analyzing BBY Stock Performance
During the last five days, there has been a surge of approximately 1.58%. Over the course of the year, Best Buy Co. Inc shares have dropped approximately -21.86%. Shares of the company reached a 52-week high of $91.68 on 02/20/25 and a 52-week low of $54.99 on 04/09/25. A 50-day SMA is recorded $72.30, while a 200-day SMA reached $85.59.
Support And Resistance Levels for Best Buy Co. Inc (BBY)
According to the 24-hour chart, there is a support level at 66.56, which, if violated, would cause prices to drop to 66.08. In the upper region, resistance lies at 67.67. The next price resistance is at 68.31. RSI (Relative Strength Index) is 50.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.84, which suggests the price will increase in the coming days. Percent R is at 14.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
