Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sanmina Corp shares valued at $421,913 were sold by DELANEY EUGENE A on Nov 07 ’24. At $83.07 per share, DELANEY EUGENE A sold 5,079 shares. The insider’s holdings dropped to 87,120 shares worth approximately $6.85 million following the completion of this transaction.
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Also, DELANEY EUGENE A purchased 5,079 shares, netting a total of over 421,903 in proceeds.
Before that, Hedley David V III had sold 302 shares from its account. In a trade valued at $20,711, the Director traded Sanmina Corp shares for $68.58 each. Upon closing the transaction, the insider’s holdings decreased to 302 shares, worth approximately $0.43 million.
As published in a research note from Craig Hallum on April 30, 2024, Sanmina Corp [SANM] has been rated down from a Buy to a Hold and the price target has been revised to $62. Analysts at Fox Advisors started covering the stock with ‘”an Overweight”‘ outlook in a report released in early March. Earlier on November 08, 2022, Sidoti upgraded its rating. Their new recommendation was “a Buy” for SANM stock which previously was a “a Neutral”.
Analyzing SANM Stock Performance
During the last five days, there has been a surge of approximately 1.41%. Over the course of the year, Sanmina Corp shares have jumped approximately 53.14%. Shares of the company reached a 52-week high of $86.05 on 11/06/24 and a 52-week low of $48.83 on 01/17/24. A 50-day SMA is recorded $71.90, while a 200-day SMA reached $67.07. Nevertheless, trading volume fell to 0.19 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Sanmina Corp (SANM)
According to the 24-hour chart, there is a support level at 77.95, which, if violated, would cause prices to drop to 77.24. In the upper region, resistance lies at 79.34. The next price resistance is at 80.01. RSI (Relative Strength Index) is 59.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 65.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
