The President & COO of Best Buy Co (NYSE: BBY) is Selling Shares

Yesterday, the President & COO of Best Buy Co (BBYResearch Report), Rajendra Mohan, sold shares of BBY for $2.19M.

Following Rajendra Mohan’s last BBY Sell transaction on May 30, 2019, the stock climbed by 15.2%. In addition to Rajendra Mohan, one other BBY executive reported Sell trades in the last month.

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Based on Best Buy Co’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $9.76 billion and quarterly net profit of $293 million. In comparison, last year the company earned revenue of $9.59 billion and had a net profit of $277 million. The company has a one-year high of $83.63 and a one-year low of $47.72. BBY’s market cap is $21.25B and the company has a P/E ratio of 14.02.

The insider sentiment on Best Buy Co has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International.