TD Synnex Corp’s filing revealed that its Hyve Solutions Executive POLK DENNIS unloaded Company’s shares for reported $2.31 million on Jun 27 ’24. In the deal valued at $115.66 per share,20,000 shares were sold. As a result of this transaction, POLK DENNIS now holds 134,706 shares worth roughly $15.36 million.
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Then, HUME RICHARD T sold 10,000 shares, generating $1,301,573 in total proceeds. Upon selling the shares at $130.16, the Chief Executive Officer now owns 209,363 shares.
Before that, HUME RICHARD T sold 10,000 shares. TD Synnex Corp shares valued at $1,157,920 were divested by the Chief Executive Officer at a price of $115.79 per share. As a result of the transaction, HUME RICHARD T now holds 219,363 shares, worth roughly $25.01 million.
UBS upgraded its TD Synnex Corp [SNX] rating to a Buy from a a Neutral in a research note published on April 16, 2024; the price target was increased to $145 from $115. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. UBS began covering SNX with “Neutral” recommendation on November 22, 2023. Goldman started covering the stock on May 01, 2023. It rated SNX as “a Buy”.
Price Performance Review of SNX
On Monday, TD Synnex Corp [NYSE:SNX] saw its stock fall -1.22% to $113.99. Over the last five days, the stock has lost -11.87%. TD Synnex Corp shares have risen nearly 5.93% since the year began. Nevertheless, the stocks have risen 21.23% over the past one year. While a 52-week high of $133.85 was reached on 06/18/24, a 52-week low of $89.73 was recorded on 02/13/24. SMA at 50 days reached $124.01, while 200 days put it at $107.71. A total of 0.85 million shares were traded, compared to the trading of 1.34 million shares in the previous session.
Levels Of Support And Resistance For SNX Stock
The 24-hour chart illustrates a support level at 113.15, which if violated will result in even more drops to 112.30. On the upside, there is a resistance level at 115.43. A further resistance level may holdings at 116.86. The Relative Strength Index (RSI) on the 14-day chart is 25.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.76%. Stochastics%K at 1.94% indicates the stock is a buying.
The most recent change occurred on February 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $109 price target.
