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. Sanmina Corp shares valued at $20,711 were sold by Hedley David V III on Sep 17 ’24. At $68.58 per share, Hedley David V III sold 302 shares. The insider’s holdings dropped to 5,472 shares worth approximately $0.37 million following the completion of this transaction.
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Also, Mason Charlie sold 1,433 shares, netting a total of over 99,244 in proceeds. Following the sale of shares at $69.26 each, the insider now holds 33,333 shares.
Before that, Mason Charlie had added 1,433 shares to its account. In a trade valued at $99,244, the Officer bought Sanmina Corp shares for $69.26 each.
As published in a research note from Craig Hallum on April 30, 2024, Sanmina Corp [SANM] has been rated down from a Buy to a Hold and the price target has been revised to $62. Analysts at Fox Advisors started covering the stock with ‘”an Overweight”‘ outlook in a report released in early March. Earlier on November 08, 2022, Sidoti upgraded its rating. Their new recommendation was “a Buy” for SANM stock which previously was a “a Neutral”.
Analyzing SANM Stock Performance
During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, Sanmina Corp shares have jumped approximately 32.18%. Shares of the company reached a 52-week high of $76.84 on 07/31/24 and a 52-week low of $48.83 on 01/17/24. A 50-day SMA is recorded $67.95, while a 200-day SMA reached $63.98. Nevertheless, trading volume fell to 0.57 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Sanmina Corp (SANM)
According to the 24-hour chart, there is a support level at 67.31, which, if violated, would cause prices to drop to 66.72. In the upper region, resistance lies at 68.68. The next price resistance is at 69.45. RSI (Relative Strength Index) is 51.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 42.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
