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Arrow Electronics Inc. (ARW) Becoming More Attractive for Investors

CHWY Stock

Arrow Electronics Inc.’s recently made public that its Director Kerin Andrew Charles unloaded Company’s shares for reported $0.2 million on May 23 ’24. In the deal valued at $131.66 per share,1,520 shares were sold. As a result of this transaction, Kerin Andrew Charles now holds 0 shares worth roughly $0.0.

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Then, HAMILTON GAIL sold 2,987 shares, generating $396,046 in total proceeds. Upon selling the shares at $132.59, the Director now owns 102 shares.

Before that, Kerin Andrew Charles sold 1,469 shares. Arrow Electronics Inc. shares valued at $191,972 were divested by the Director at a price of $130.71 per share. As a result of the transaction, Kerin Andrew Charles now holds 0 shares, worth roughly $0.0.

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 Tuesday, Arrow Electronics Inc. [NYSE:ARW] saw its stock jump 0.10% to $119.39. Over the last five days, the stock has lost -2.97%. Arrow Electronics Inc. shares have fallen nearly -2.34% since the year began. Nevertheless, the stocks have fallen -16.64% over the past one year. While a 52-week high of $147.42 was reached on 06/12/24, a 52-week low of $108.51 was recorded on 02/13/24. SMA at 50 days reached $128.06, while 200 days put it at $121.73. A total of 0.3 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For ARW Stock

The 24-hour chart illustrates a support level at 118.59, which if violated will result in even more drops to 117.79. On the upside, there is a resistance level at 120.01. A further resistance level may holdings at 120.63. The Relative Strength Index (RSI) on the 14-day chart is 30.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.89%. Stochastics%K at 5.78% indicates the stock is a buying.

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.

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