TD Synnex Corp’s recently made public that its Hyve Solutions Executive POLK DENNIS unloaded Company’s shares for reported $1.83 million on Oct 02 ’24. In the deal valued at $116.93 per share,15,689 shares were sold. As a result of this transaction, POLK DENNIS now holds 134,706 shares worth roughly $16.02 million.
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Then, POLK DENNIS bought 15,689 shares, generating $1,834,534 in total proceeds.
Before that, Saintil Merline sold 117 shares. TD Synnex Corp shares valued at $13,474 were divested by the Director at a price of $115.16 per share. As a result of the transaction, Saintil Merline now holds 5,865 shares, worth roughly $0.7 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 Monday, TD Synnex Corp [NYSE:SNX] saw its stock jump 1.39% to $118.94. Over the last five days, the stock has lost -0.95%. TD Synnex Corp shares have risen nearly 10.53% since the year began. Nevertheless, the stocks have risen 22.71% 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 $116.17, while 200 days put it at $113.88.
Levels Of Support And Resistance For SNX Stock
The 24-hour chart illustrates a support level at 117.12, which if violated will result in even more drops to 115.30. On the upside, there is a resistance level at 119.90. A further resistance level may holdings at 120.86. The Relative Strength Index (RSI) on the 14-day chart is 55.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.97%. Stochastics %K at 48.74% indicates the stock is a holding.
How much short interest is there in TD Synnex Corp?
A steep rise in short interest was recorded in TD Synnex Corp stocks on 2024-09-13, dropping by -0.25 million shares to a total of 1.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.94 million shares. There was a decline of -14.65%, which implies that there is a negative sentiment for the stock.
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.
