Best Buy Co (BBY) Reaches $55.69 After 8.00% Up Move, Salem Communications (SALM) Has 1.78 Sentiment

June 20, 2017 - By Nellie Frank

Salem Media Group, Inc., formerly Salem Communications Corporation, is a multi-media firm specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The company has market cap of $184.76 million. The Firm operates through three divisions: Broadcast, Digital Media and Publishing. It has a 19.63 P/E ratio. The Company’s broadcasting segment is engaged in the ownership and operation of radio stations in metropolitan markets.

The stock of Best Buy Co Inc (NYSE:BBY) is a huge mover today! About 248,934 shares traded. Best Buy Co Inc (NYSE:BBY) has risen 62.80% since June 20, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.The move comes after 6 months positive chart setup for the $17.03 billion company. It was reported on Jun, 20 by Barchart.com. We have $60.15 PT which if reached, will make NYSE:BBY worth $1.36B more.

About 1,595 shares traded. Salem Media Group Inc (SALM) has risen 11.02% since June 20, 2016 and is uptrending. It has underperformed by 5.68% the S&P500.

Teton Advisors Inc. holds 0.39% of its portfolio in Salem Media Group Inc for 620,008 shares. Arbiter Partners Capital Management Llc owns 66,697 shares or 0.07% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.07% invested in the company for 74,350 shares. The New York-based Gamco Investors Inc. Et Al has invested 0.04% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 330,652 shares.

Since January 1, 0001, it had 0 buys, and 14 sales for $657,132 activity.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The company has market cap of $17.03 billion. The Firm offers services and products to the clients visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has a 15.22 P/E ratio. It has activities in the United States, Canada and Mexico.

Among 23 analysts covering Best Buy Co (NYSE:BBY), 9 have Buy rating, 3 Sell and 11 Hold. Therefore 39% are positive. Best Buy Co had 68 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was reinitiated by Ladenburg Thalmann on Wednesday, August 17 with “Outperform”. The company was upgraded on Wednesday, April 12 by Deutsche Bank. The rating was maintained by Telsey Advisory Group with “Outperform” on Wednesday, May 25. On Friday, November 18 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The firm has “Overweight” rating by Piper Jaffray given on Monday, August 24. The rating was upgraded by Loop Capital on Monday, May 15 to “Hold”. UBS maintained Best Buy Co Inc (NYSE:BBY) on Monday, August 10 with “Neutral” rating. The firm has “Underperform” rating by Wedbush given on Tuesday, May 23. The rating was maintained by Jefferies with “Buy” on Wednesday, August 26. The firm has “Neutral” rating by Longbow given on Thursday, June 16.

Since March 2, 2017, it had 0 buys, and 13 sales for $30.02 million activity. The insider MOHAN RAJENDRA M sold 119,089 shares worth $5.80M. Nelsen Keith J had sold 90,247 shares worth $4.02 million on Friday, March 3. Shares for $597,091 were sold by Walker Patricia H on Friday, May 26. HIGGINS VICTOR KATHY J sold 7,500 shares worth $357,983. The insider Watson Mathew sold 503 shares worth $29,679. Another trade for 15,000 shares valued at $892,262 was made by Ballard Shari L on Tuesday, May 30. Another trade for 18,706 shares valued at $1.07M was sold by Saksena Asheesh.

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