TD Synnex Corp’s recent filing unveils that its Chief Legal Officer VETTER DAVID R unloaded Company’s shares for reported $2.46 million on Oct 18 ’24. In the deal valued at $123.14 per share,20,000 shares were sold. As a result of this transaction, VETTER DAVID R now holds 66,381 shares worth roughly $7.67 million.
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Then, VETTER DAVID R bought 20,000 shares, generating $2,462,800 in total proceeds.
Before that, HUME RICHARD T sold 20,000 shares. TD Synnex Corp shares valued at $2,414,328 were divested by the Director at a price of $120.72 per share. As a result of the transaction, HUME RICHARD T now holds 171,080 shares, worth roughly $19.76 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 Friday, TD Synnex Corp [NYSE:SNX] saw its stock jump 0.13% to $115.50. Over the last five days, the stock has lost -4.21%. TD Synnex Corp shares have risen nearly 7.33% since the year began. Nevertheless, the stocks have risen 24.19% over the past one year. While a 52-week high of $133.85 was reached on 06/18/24, a 52-week low of $91.19 was recorded on 02/13/24. SMA at 50 days reached $118.08, while 200 days put it at $115.23.
Levels Of Support And Resistance For SNX Stock
The 24-hour chart illustrates a support level at 114.74, which if violated will result in even more drops to 113.98. On the upside, there is a resistance level at 116.81. A further resistance level may holdings at 118.12. The Relative Strength Index (RSI) on the 14-day chart is 39.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.55%. Stochastics %K at 5.26% indicates the stock is a buying.
How much short interest is there in TD Synnex Corp?
A steep rise in short interest was recorded in TD Synnex Corp stocks on 2024-10-15, dropping by -0.57 million shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.69 million shares. There was a decline of -50.86%, 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.
