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TD Synnex Corp [SNX] Investment Guide: What You Need to Know

In a filing, TD Synnex Corp revealed its Director MERLINE SAINTIL acquired Company’s shares for reported $27652.0 on Jul 31 ’24. In the deal valued at $118.17 per share,234 shares were bought.

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Then, Saintil Merline sold 117 shares, generating $13,917 in total proceeds. Upon selling the shares at $118.95, the Director now owns 5,982 shares.

Before that, Zammit Patrick sold 3,513 shares. TD Synnex Corp shares valued at $397,953 were divested by the Chief Operating Officer at a price of $113.28 per share. As a result of the transaction, Zammit Patrick now holds 140,205 shares, worth roughly $15.91 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 fall -3.14% to $113.48. Over the last five days, the stock has lost -4.03%. TD Synnex Corp shares have risen nearly 5.45% since the year began. Nevertheless, the stocks have risen 14.11% 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 $121.75, while 200 days put it at $109.58. A total of 0.66 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For SNX Stock

The 24-hour chart illustrates a support level at 111.84, which if violated will result in even more drops to 110.20. On the upside, there is a resistance level at 115.34. A further resistance level may holdings at 117.19. The Relative Strength Index (RSI) on the 14-day chart is 39.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics%K at 49.36% 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.

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