Thursday, December 14, 2017 10:15 PM ET
Best Buy (BBY) sees Significant Insider Selling Continuing
One Best Buy insider Richard M Schulze, 10% Owner, today, sold 200,000 shares having a market value of approximately $12,827,110, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,003,134 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,203,134 shares and have averaged 401,045 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Best Buy is higher than the 11-company peer group average. Computer & Electronics Retailers peer group saw 9 buy/sell trades during this period for an average of 0.8 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 1,153,640 shares sold with company insiders having sold 128,182 shares on average.
In order to focus on 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 data sourced to create and write this story.
Using proprietary Natural Language Generation (NLG) technology, 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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