The New Best Buy CEO Just Dumped $1.2 Million Worth Of Shares

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CNBC’s Herb Greenberg just pointed us to a Friday evening SEC filing from Hubert Joly, the newly minted CEO of Best Buy, revealing a stock dump worth nearly $1.18 million.The document shows Joly sold 65,796 shares at a price of $18.02. He retains 433,650 shares.

Joly was appointed Aug. 20.

Best Buy’s stock has declined 4 per cent in the past month.

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