Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TD Synnex Corp shares valued at $9,520,800 were purchased by Richard T. Hume on Oct 16 ’24. At $119.01 per share, Richard T. Hume acquired 80,000 shares.
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Also, Witt Marshall sold 5,653 shares, netting a total of over 684,871 in proceeds. Following the sale of shares at $121.15 each, the insider now holds 38,279 shares.
Before that, MARSHALL WITT had added 7,163 shares to its account. In a trade valued at $862,139, the Officer bought TD Synnex Corp shares for $120.36 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 surge of approximately 0.21%. Over the course of the year, TD Synnex Corp shares have jumped approximately 12.79%. 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 $116.85, while a 200-day SMA reached $114.31. Nevertheless, trading volume fell to 0.94 million shares from 0.55 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 120.05, which, if violated, would cause prices to drop to 118.73. In the upper region, resistance lies at 122.06. The next price resistance is at 122.75. RSI (Relative Strength Index) is 59.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.16, which suggests the price will increase in the coming days. Percent R is at 15.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
