NEW YORK (AVAFIN) -- Trading of Best Buy options resulted in establishing a new 90-day call volume record, where 8,098 call
contracts exchanged hands between the buyers and the sellers. A total of 26,797 put and 8,098
call contracts was traded raising a 3.31 put/call ratio on shares of BBY
Put/Call ratio is often used to measure investment sentiment, the ratio serves as a predictor of
investor behavior. Unusual options volume provides reliable clues that the stock is expected to
make a move.
Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services.
A customer-centric store design allows the firm to capture higher-margin customers by tailoring products and services to local market demographics.
Additionaly, There are more than 30 million Best Buy Rewards Zone members, which has become an effective tool to fine-tune marketing communications.
Shares of Best Buy gained $0.64 (+3.00%) to $21.96. The last trading session witnessed a
low of $21.21 and high of $22.14 during the day. The current trading volume of 13M is greater
than average volume of 6M shares. BBY is trading below the 50 day moving average
and lower than the 200 day moving average. The technical momentum Relative Strength Index indicator shows oversold conditions. The stock's 52 week low is $21.21 and 52 week high is $32.85. To date, the stock has lost -11.17% within the last quarter.
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