Friday, December 15, 2017 10:15 PM ET
Insider Selling at Best Buy (BBY) Continues with Significant Sale
A SEC filing today disclosed a notable insider sale of Best Buy shares as — Richard M Schulze, 10% Owner — disposed of 75,000 shares in the company having a market value of approximately $4,889,415. 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 disposition of 1,203,134 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,278,134 shares and have averaged 426,045 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Best Buy is greater than the 11-company peer group average. Computer & Electronics Retailers peer group saw 10 buy/sell trades during this period for an average of 0.9 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 1,353,640 shares sold with company insiders selling 135,364 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing 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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