Insider Sales at Best Buy (BBY) Extends the Selling Trend of Last Quarter

Wednesday, September 06, 2017 10:15 PM ET

Insider Sales at Best Buy (BBY) Extends the Selling Trend of Last Quarter

There was substantial level of selling of Best Buy shares by insiders today, as revealed in form 4 documents filed with the SEC. Seven insiders listed below, disposed of 148,516 shares in the company having a market value of approximately $138,571,187. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 51,003 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 199,519 shares and have averaged 14,251 shares per transaction over this time period.

Insider buy/sell trading at Best Buy is higher than the 10 peer company average over the last 90-day period. The Computer & Electronics Retailers peer group saw 20 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Best Buy insiders was also higher. Within the peer group there were 0 shares purchased and 144,111 shares sold with company insiders disposing of 7,206 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to evaluate and write this story.

Today’s Insider Activity
* Rajendra M Mohan, Officer, sold 14,260 shares
* Shari L Ballard, Officer, sold 9,778 shares
* Hubert Joly, Director and Officer, sold 106,942 shares
* Keith J Nelsen, Officer, sold 10,593 shares
* Mathew Watson, Officer, sold 1,129 shares
* Corie S Barry, Officer, sold 3,426 shares
* Kathleen Scarlett, Officer, sold 2,388 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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