SYNNEX Corp. COO Dennis Polk Unloads 3,000 Shares (SNX)
SYNNEX Corp. (NYSE:SNX) COO Dennis Polk unloaded 3,000 shares of SYNNEX Corp. stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $66.71, for a total transaction of $200,130.00. Following the completion of the sale, the chief operating officer now directly owns 46,804 shares of the company’s stock, valued at approximately $3,122,295. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on SNX shares. Analysts at Cross Research downgraded shares of SYNNEX Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $70.00 price target on the stock. Separately, analysts at Zacks downgraded shares of SYNNEX Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a $68.00 price target on the stock. Finally, analysts at Ned Davis Research initiated coverage on shares of SYNNEX Corp. in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $62.00.
SYNNEX Corp. (NYSE:SNX) traded down 3.62% on Friday, hitting $63.82. The stock had a trading volume of 298,734 shares. SYNNEX Corp. has a 1-year low of $32.04 and a 1-year high of $68.71. The stock’s 50-day moving average is $65.90 and its 200-day moving average is $56.48. The company has a market cap of $2.363 billion and a price-to-earnings ratio of 21.25.
Synnex Corporation provides services to resellers, retailers and original equipment manufacturers (NYSE:SNX), in multiple regions around the world.
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