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Investing in TD Synnex Corp (SNX): What You Must Know

In a filing, TD Synnex Corp revealed its Officer MARSHALL WITT acquired Company’s shares for reported $1.26 million on Aug 07 ’24. In the deal valued at $109.87 per share,11,441 shares were bought.

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Then, Witt Marshall sold 11,441 shares, generating $1,260,068 in total proceeds. Upon selling the shares at $110.14, the Chief Financial Officer now owns 45,115 shares.

Before that, MERLINE SAINTIL bought 234 shares. TD Synnex Corp shares valued at $27,652 were divested by the Director at a price of $118.17 per share.

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 0.74% to $111.99. Over the last five days, the stock has lost -1.31%. TD Synnex Corp shares have risen nearly 4.07% since the year began. Nevertheless, the stocks have risen 12.71% 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 $119.86, while 200 days put it at $110.03. A total of 0.5 million shares were traded, compared to the trading of 0.53 million shares in the previous session.

Levels Of Support And Resistance For SNX Stock

The 24-hour chart illustrates a support level at 110.72, which if violated will result in even more drops to 109.44. On the upside, there is a resistance level at 112.80. A further resistance level may holdings at 113.60. The Relative Strength Index (RSI) on the 14-day chart is 40.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.98%. Stochastics%K at 14.69% indicates the stock is a buying.

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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