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 $1,834,534 were purchased by POLK DENNIS on Oct 02 ’24. At $116.93 per share, POLK DENNIS acquired 15,689 shares.
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Also, Saintil Merline sold 117 shares, netting a total of over 13,474 in proceeds. Following the sale of shares at $115.16 each, the insider now holds 5,865 shares.
Before that, Witt Marshall had sold 11,441 shares from its account. In a trade valued at $1,260,068, the Chief Financial Officer traded TD Synnex Corp shares for $110.14 each. Upon closing the transaction, the insider’s holdings decreased to 11,441 shares, worth approximately $5.26 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 drop of approximately -0.56%. Over the course of the year, TD Synnex Corp shares have jumped approximately 8.38%. 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 $116.15, while a 200-day SMA reached $113.72. Nevertheless, trading volume fell to 0.52 million shares from 0.51 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 115.69, which, if violated, would cause prices to drop to 114.74. In the upper region, resistance lies at 117.58. The next price resistance is at 118.52. RSI (Relative Strength Index) is 49.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 46.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
