The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TD Synnex Corp shares valued at $1,301,573 were sold by HUME RICHARD T on Jun 03 ’24. At $130.16 per share, HUME RICHARD T sold 10,000 shares. The insider’s holdings dropped to 209,363 shares worth approximately $24.19 million following the completion of this transaction.
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Also, HUME RICHARD T sold 10,000 shares, netting a total of over 1,157,920 in proceeds. Following the sale of shares at $115.79 each, the insider now holds 219,363 shares.
Before that, POLK DENNIS had sold 20,000 shares from its account. In a trade valued at $2,361,936, the Head of Hyve Solutions traded TD Synnex Corp shares for $118.10 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $15.56 million.
As published in a research note from UBS on April 16, 2024, TD Synnex Corp [SNX] has been rated up from a Neutral to a Buy and the price target has been revised to $145 from $115. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of November 22, 2023, UBS has initiated its “Neutral” rating for SNX. Earlier on May 01, 2023, Goldman initiated its rating. Their recommendation was “a Buy” for SNX stock.
Analyzing SNX Stock Performance
During the last five days, there has been a drop of approximately -11.87%. Over the course of the year, TD Synnex Corp shares have jumped approximately 7.37%. Shares of the company reached a 52-week high of $133.85 on 06/18/24 and a 52-week low of $98.70 on 02/13/24. A 50-day SMA is recorded $123.99, while a 200-day SMA reached $107.56. Nevertheless, trading volume fell to 1.17 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for TD Synnex Corp (SNX)
According to the 24-hour chart, there is a support level at 114.78, which, if violated, would cause prices to drop to 114.01. In the upper region, resistance lies at 116.73. The next price resistance is at 117.91. RSI (Relative Strength Index) is 26.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.07, which suggests the price will decrease in the coming days. Percent R is at 98.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
