The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arrow Electronics Inc shares valued at $200,073 were sold by Kerin Andrew Charles on May 23 ’24. At $131.66 per share, Kerin Andrew Charles sold 1,520 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, HAMILTON GAIL sold 2,987 shares, netting a total of over 396,046 in proceeds. Following the sale of shares at $132.59 each, the insider now holds 102 shares.
Before that, Kerin Andrew Charles had sold 1,469 shares from its account. In a trade valued at $191,972, the Director traded Arrow Electronics Inc shares for $130.71 each. Upon closing the transaction, the insider’s holdings decreased to 1,469 shares, worth approximately $0.0.
As published in a research note from Wells Fargo on September 16, 2022, Arrow Electronics Inc [ARW] has been rated down from an Equal weight to an Underweight and the price target has been revised to $87 from $125. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early February. Earlier on April 28, 2020, BofA/Merrill upgraded its rating. Their new recommendation was “a Neutral” for ARW stock which previously was a “an Underperform”.
Analyzing ARW Stock Performance
During the last five days, there has been a drop of approximately -6.22%. Over the course of the year, Arrow Electronics Inc shares have dropped approximately -3.01%. Shares of the company reached a 52-week high of $123.12 on 01/22/25 and a 52-week low of $105.00 on 02/06/25. A 50-day SMA is recorded $116.78, while a 200-day SMA reached $124.67. Nevertheless, trading volume fell to 1.44 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Arrow Electronics Inc (ARW)
According to the 24-hour chart, there is a support level at 105.72, which, if violated, would cause prices to drop to 101.72. In the upper region, resistance lies at 113.00. The next price resistance is at 116.28. RSI (Relative Strength Index) is 34.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.63, which suggests the price will decrease in the coming days. Percent R is at 73.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
