In a filing, TD Synnex Corp revealed its Chief Business Officer LEUNG SIMON unloaded Company’s shares for reported $0.77 million on Nov 06 ’24. In the deal valued at $123.17 per share,6,249 shares were sold. As a result of this transaction, LEUNG SIMON now holds 23,339 shares worth roughly $2.94 million.
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Then, LEUNG SIMON bought 6,249 shares, generating $769,705 in total proceeds.
Before that, HUME RICHARD T sold 20,000 shares. TD Synnex Corp shares valued at $2,325,537 were divested by the Director at a price of $116.28 per share. As a result of the transaction, HUME RICHARD T now holds 151,080 shares, worth roughly $19.0 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 0.77% to $125.79. Over the last five days, the stock has gained 8.91%. TD Synnex Corp shares have risen nearly 16.89% since the year began. Nevertheless, the stocks have risen 34.05% over the past one year. While a 52-week high of $133.85 was reached on 06/18/24, a 52-week low of $92.66 was recorded on 02/13/24. SMA at 50 days reached $118.08, while 200 days put it at $115.63.
Levels Of Support And Resistance For SNX Stock
The 24-hour chart illustrates a support level at 124.45, which if violated will result in even more drops to 123.11. On the upside, there is a resistance level at 126.81. A further resistance level may holdings at 127.82. The Relative Strength Index (RSI) on the 14-day chart is 64.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.21%. Stochastics %K at 89.98% indicates the stock is a selling.
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.
