Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TD Synnex Corp shares valued at $769,689 were sold by LEUNG SIMON on Nov 06 ’24. At $123.17 per share, LEUNG SIMON sold 6,249 shares. The insider’s holdings dropped to 23,339 shares worth approximately $2.76 million following the completion of this transaction.
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Also, LEUNG SIMON purchased 6,249 shares, netting a total of over 769,705 in proceeds.
Before that, HUME RICHARD T had sold 20,000 shares from its account. In a trade valued at $2,325,537, the Director traded TD Synnex Corp shares for $116.28 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $17.84 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 -4.63%. Over the course of the year, TD Synnex Corp shares have jumped approximately 9.76%. 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 $118.22, while a 200-day SMA reached $115.89. Nevertheless, trading volume fell to 0.6 million shares from 0.65 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 117.25, which, if violated, would cause prices to drop to 116.40. In the upper region, resistance lies at 119.35. The next price resistance is at 120.60. RSI (Relative Strength Index) is 45.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 74.97%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
