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

best buy

Photo: Wikimedia Commons

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.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.