Sanmina Corp’s filing revealed 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 $0.37 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 $0.5 million.
Craig Hallum downgraded its Sanmina Corp [SANM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Sidoti revised its rating on November 08, 2022. It rated SANM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SANM
On Tuesday, Sanmina Corp [NASDAQ:SANM] saw its stock jump 0.90% to $64.15. Over the last five days, the stock has gained 5.74%. Sanmina Corp shares have risen nearly 24.88% since the year began. Nevertheless, the stocks have risen 21.84% 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 $61.46, while 200 days put it at $55.43. A total of 0.29 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For SANM Stock
The 24-hour chart illustrates a support level at 63.50, which if violated will result in even more drops to 62.84. On the upside, there is a resistance level at 64.80. A further resistance level may holdings at 65.44. The Relative Strength Index (RSI) on the 14-day chart is 62.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.36%. Stochastics %K at 75.45% indicates the stock is a holding.
