Sanmina Corp’s recent filing unveils that its Director Hedley David V III unloaded Company’s shares for reported $23644.0 on Mar 18 ’24. In the deal valued at $60.01 per share,394 shares were sold. As a result of this transaction, Hedley David V III now holds 5,774 shares worth roughly $0.34 million.
Then, ROSATI MARIO M sold 8,598 shares, generating $522,380 in total proceeds. Upon selling the shares at $60.76, the Director now owns 88,666 shares.
Before that, Johnson Susan A sold 1,000 shares. Sanmina Corp shares valued at $60,640 were divested by the Director at a price of $60.64 per share. As a result of the transaction, Johnson Susan A now holds 7,811 shares, worth roughly $0.46 million.
Fox Advisors initiated its Sanmina Corp [SANM] rating to an Overweight in a research note published on March 06, 2024; the price target was $80. Sidoti also remained covering SANM and has increased its forecast on November 08, 2022 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on October 31, 2022. It rated SANM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SANM
On Tuesday, Sanmina Corp [NASDAQ:SANM] saw its stock fall -1.72% to $59.28. Over the last five days, the stock has lost -2.52%. Sanmina Corp shares have risen nearly 15.40% since the year began. Nevertheless, the stocks have risen 5.26% over the past one year. While a 52-week high of $69.69 was reached on 01/30/24, a 52-week low of $43.40 was recorded on 01/17/24. SMA at 50 days reached $61.18, while 200 days put it at $55.39. A total of 0.37 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For SANM Stock
The 24-hour chart illustrates a support level at 58.76, which if violated will result in even more drops to 58.24. On the upside, there is a resistance level at 60.22. A further resistance level may holdings at 61.15. The Relative Strength Index (RSI) on the 14-day chart is 42.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.31%. Stochastics %K at 27.57% indicates the stock is a holding.
How much short interest is there in Sanmina Corp?
A steep rise in short interest was recorded in Sanmina Corp stocks on Mar 15, 2024, dropping by 80000.0 shares to a total of 1.25 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.33 million shares. There was a decline of -6.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.32% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.7.
The most recent change occurred on December 22, 2021 when Sidoti began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
