TD Synnex Corp’s filing revealed that its Chief Operating Officer Zammit Patrick unloaded Company’s shares for reported $0.4 million on Jul 12 ’24. In the deal valued at $113.28 per share,3,513 shares were sold. As a result of this transaction, Zammit Patrick now holds 140,205 shares worth roughly $16.58 million.
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Then, POLK DENNIS sold 20,000 shares, generating $2,313,101 in total proceeds. Upon selling the shares at $115.66, the Hyve Solutions Executive now owns 134,706 shares.
Before that, HUME RICHARD T sold 10,000 shares. TD Synnex Corp shares valued at $1,301,573 were divested by the Chief Executive Officer at a price of $130.16 per share. As a result of the transaction, HUME RICHARD T now holds 209,363 shares, worth roughly $24.76 million.
RBC Capital Mkts upgraded its TD Synnex Corp [SNX] rating to an Outperform from a a Sector perform in a research note published on July 15, 2024; the price target was increased to $140 from $135. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. JP Morgan also remained covering SNX and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS started covering the stock on November 22, 2023. It rated SNX as “a Neutral”.
Price Performance Review of SNX
On Friday, TD Synnex Corp [NYSE:SNX] saw its stock jump 1.83% to $118.25. Over the last five days, the stock has gained 2.51%. TD Synnex Corp shares have risen nearly 9.89% since the year began. Nevertheless, the stocks have risen 19.25% 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 $122.66, while 200 days put it at $109.05. A total of 0.61 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For SNX Stock
The 24-hour chart illustrates a support level at 117.45, which if violated will result in even more drops to 116.64. On the upside, there is a resistance level at 119.18. A further resistance level may holdings at 120.10. The Relative Strength Index (RSI) on the 14-day chart is 51.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.62%. Stochastics%K at 75.29% indicates the stock is a holding.
The most recent change occurred on May 01, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $101 price target.
