Best Buy lower after Schulze sale plan disclosed

|About: Best Buy Co. (BBY)|By:, SA News Editor

Shares of Best Buy (BBY) fall 2% premarket after founder Richard Schulze unveils his plan to sell an undisclosed amount of stock.

Analysts think the action by Schulze is based on the nice runup in Best Buy's share price and shouldn't be a major factor in the direction of the retailer.