The Traderszone Network

Published in TZ Latest News 8 June, 2016 by The TZ Newswire Staff

Best Buy’s CEO Sold Half His Stock. Time to Worry?

Any time an executive sells shares he owns in the company he’s running, investors tend to fret the boss may know something the rest of us do not. After Best Buy (NYSE: BBY) CEO Hubert Joly filed notice with the SEC after the markets closed on Friday that he had sold 44% of his holdings in the consumer electronics retailer, its stock took a hit Monday, dropping as much as 5% on the news.