Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sanmina Corp shares valued at $24,024 were sold by Hedley David V III on Dec 17 ’24. At $79.55 per share, Hedley David V III sold 302 shares. The insider’s holdings dropped to 5,170 shares worth approximately $0.4 million following the completion of this transaction.
Also, Johnson Susan A sold 625 shares, netting a total of over 49,675 in proceeds. Following the sale of shares at $79.48 each, the insider now holds 8,206 shares.
Before that, DELANEY EUGENE A had sold 5,079 shares from its account. In a trade valued at $421,913, the Director traded Sanmina Corp shares for $83.07 each. Upon closing the transaction, the insider’s holdings decreased to 5,079 shares, worth approximately $6.73 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 2.06%. Over the course of the year, Sanmina Corp shares have jumped approximately 2.06%. Shares of the company reached a 52-week high of $78.37 on 01/06/25 and a 52-week low of $74.83 on 01/02/25. A 50-day SMA is recorded $77.71, while a 200-day SMA reached $69.24. Nevertheless, trading volume fell to 0.2 million shares from 0.21 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 76.14, which, if violated, would cause prices to drop to 75.04. In the upper region, resistance lies at 77.82. The next price resistance is at 78.40. RSI (Relative Strength Index) is 49.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 67.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
