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 $2,462,800 were sold by VETTER DAVID R on Oct 18 ’24. At $123.14 per share, VETTER DAVID R sold 20,000 shares. The insider’s holdings dropped to 66,381 shares worth approximately $7.93 million following the completion of this transaction.
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Also, VETTER DAVID R purchased 20,000 shares, netting a total of over 2,462,800 in proceeds.
Before that, HUME RICHARD T had sold 20,000 shares from its account. In a trade valued at $2,414,328, the Director traded TD Synnex Corp shares for $120.72 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $20.43 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 -1.61%. Over the course of the year, TD Synnex Corp shares have jumped approximately 10.97%. 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 $117.81, while a 200-day SMA reached $114.71. Nevertheless, trading volume fell to 0.65 million shares from 0.69 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 118.49, which, if violated, would cause prices to drop to 117.55. In the upper region, resistance lies at 120.53. The next price resistance is at 121.64. RSI (Relative Strength Index) is 50.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 52.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
