Arrow Electronics Inc.’s recently made public that its SVP, CLO & Secretary Jean-Claude Carine Lamercie unloaded Company’s shares for reported $0.18 million on Mar 05 ’24. In the deal valued at $121.00 per share,1,495 shares were sold. As a result of this transaction, Jean-Claude Carine Lamercie now holds 15,271 shares worth roughly $1.9 million.
Then, Marano Richard John sold 1,900 shares, generating $221,274 in total proceeds. Upon selling the shares at $116.46, the President, Global Components now owns 12,108 shares.
Before that, Cho Yun Sung sold 739 shares. Arrow Electronics Inc. shares valued at $86,626 were divested by the VP, Corp. Cont., & CAO at a price of $117.22 per share. As a result of the transaction, Cho Yun Sung now holds 1,389 shares, worth roughly $0.17 million.
Wells Fargo downgraded its Arrow Electronics Inc. [ARW] rating to an Underweight from a an Equal weight in a research note published on September 16, 2022; the price target was decreased to $87 from $125. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early February from “a Mkt perform” to “an Outperform”. BofA/Merrill revised its rating on April 28, 2020. It rated ARW as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of ARW
On Friday, Arrow Electronics Inc. [NYSE:ARW] saw its stock fall -2.72% to $124.25. Over the last five days, the stock has lost -2.50%. Arrow Electronics Inc. shares have risen nearly 1.64% since the year began. Nevertheless, the stocks have risen 4.95% over the past one year. While a 52-week high of $147.42 was reached on 04/04/24, a 52-week low of $108.51 was recorded on 02/13/24. SMA at 50 days reached $119.67, while 200 days put it at $123.77. A total of 0.62 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For ARW Stock
The 24-hour chart illustrates a support level at 123.20, which if violated will result in even more drops to 122.14. On the upside, there is a resistance level at 126.16. A further resistance level may holdings at 128.06. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.50%. Stochastics %K at 50.56% indicates the stock is a holding.
The most recent change occurred on April 24, 2020 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $80 price target.
