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Stock Charts AI Power Rank: 7.6
Power Rank trending -> DOWN

Last Price: 129.34 - Change: -0.63 - Change %: -0.4847
06/24/2024 16:10:00 EST

Synnex Corporation (SNX)

Industry: Electronics & Computer Distribution

Price Support Resistance

In the past 20 trading days, SNX has been trading in a range between $132.85 and $127.87 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

SNX is trading below resistance at $132.85, about 3% to the upside. There is support at $117.24 -9% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Synnex Corporation $SNX entered a Green zone 67 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $113.67, a potential down side of -12.12% from the recent price of 129.34. The stock is trading 3.49% (potential upside) below its 52 week high of $133.85 and 49.7 % (potential downside) above its 52 week low of $86.40 - based on the recent price.

Company Summary

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support.

SNX Website

News

TD SYNNEX Announces Patrick Zammit to Become CEO
FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced that Patrick Zammit will become Chief Executive Officer, succeeding Rich Hume, who will retire after a transformative CEO tenure.
Source: Business Wire
Thu, 20 Jun 2024 08:06:00 -0400
Sentiment: Neutral
Ahead of TD SYNNEX (SNX) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Evaluate the expected performance of TD SYNNEX (SNX) for the quarter ended May 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Source: Zacks Investment Research
Wed, 19 Jun 2024 10:15:19 -0400
Sentiment: Neutral
TD Synnex: Gusher Of Cash, $2B Buyback Authorized, Buy Still Justified
TD SYNNEX Corporation offers long-term value potential and could trade fairly at $180 per share by FY'26E. The company's strong cash flow generation, capital productivity, and shareholder-friendly moves support its undervaluation and growth prospects. This includes a $2 billion recently authorized buyback, and a 50% payout ratio of FCF.
Source: Seeking Alpha
Tue, 18 Jun 2024 14:48:36 -0400
Sentiment: Positive
Why TD SYNNEX (SNX) is a Top Value Stock for the Long-Term
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Source: Zacks Investment Research
Thu, 13 Jun 2024 11:19:33 -0400
Sentiment: Positive
Investor Alert! Take Profits on These 3 Stocks Before July
Finding the right stocks to sell is also vital in stock investing, like figuring out which ones to buy. Three stocks should be sold to protect portfolios against further declines.
Source: InvestorPlace
Sat, 08 Jun 2024 07:55:09 -0400
Sentiment: Neutral
Instituions Institution %: 80.994
Last QTR Institution change: -1418620

Insiders
Insiders %: 10.925
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 3563645
Insiders Net last QTR: -3563645

Analyst Ratings
Target Price: 113.67
Overall Rating: 4.25
Strong Buys (5): 6
Buys (4): 3
Holds (3): 3
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 133.85
52 Week Low: 89.0421
Beta: 1.474
50 Day MA: 123.4818
200 Day MA: 107.1615

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.104
Qtr Revenue Growth YOY: -0.076
Forward PE: 9.99
Trailing PE: 18.7994

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