Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TD Synnex Corp shares valued at $13,474 were sold by Saintil Merline on Sep 04 ’24. At $115.16 per share, Saintil Merline sold 117 shares. The insider’s holdings dropped to 5,865 shares worth approximately $0.65 million following the completion of this transaction.
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Also, Witt Marshall sold 11,441 shares, netting a total of over 1,260,068 in proceeds. Following the sale of shares at $110.14 each, the insider now holds 45,115 shares.
Before that, MARSHALL WITT had added 11,441 shares to its account. In a trade valued at $1,257,023, the Officer bought TD Synnex Corp shares for $109.87 each.
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 drop of approximately -4.24%. Over the course of the year, TD Synnex Corp shares have jumped approximately 2.74%. 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 $115.37, while a 200-day SMA reached $112.44. Nevertheless, trading volume fell to 0.66 million shares from 0.5 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 108.66, which, if violated, would cause prices to drop to 106.77. In the upper region, resistance lies at 111.63. The next price resistance is at 112.70. RSI (Relative Strength Index) is 33.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.40, which suggests the price will decrease in the coming days. Percent R is at 82.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
