Van ECK Associates Corp Sells 39,255 Shares of Best Buy Co., Inc. $BBY

Van ECK Associates Corp reduced its stake in Best Buy Co., Inc. by 35.2%, selling 39,255 shares and retaining 72,216 shares valued at $5.48 million. Best Buy reported strong quarterly results, exceeding EPS and revenue expectations, and declared a quarterly dividend of $0.96 per share. Analysts maintain a "Hold" rating with an $85.40 target price for the stock.