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 $27,652 were purchased by MERLINE SAINTIL on Jul 31 ’24. At $118.17 per share, MERLINE SAINTIL acquired 234 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Zammit Patrick sold 3,513 shares, netting a total of over 397,953 in proceeds. Following the sale of shares at $113.28 each, the insider now holds 140,205 shares.
Before that, POLK DENNIS had sold 20,000 shares from its account. In a trade valued at $2,313,101, the Hyve Solutions Executive traded TD Synnex Corp shares for $115.66 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $16.05 million.
As published in a research note from RBC Capital Mkts on July 15, 2024, TD Synnex Corp [SNX] has been rated up from a Sector perform to an Outperform and the price target has been revised to $140 from $135. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of January 08, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for SNX. Earlier on November 22, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for SNX stock.
Analyzing SNX Stock Performance
During the last five days, there has been a surge of approximately 2.48%. Over the course of the year, TD Synnex Corp shares have jumped approximately 10.74%. 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 $122.24, while a 200-day SMA reached $109.37. Nevertheless, trading volume fell to 1.17 million shares from 0.53 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 117.76, which, if violated, would cause prices to drop to 116.34. In the upper region, resistance lies at 120.40. The next price resistance is at 121.62. RSI (Relative Strength Index) is 53.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.50, which suggests the price will increase in the coming days. Percent R is at 13.28%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
