New insider activity at TD SYNNEX Corporation ( (SNX) ) has taken place on February 4, 2025.
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Senior Vice President Patrick Zammit recently sold 6,823 shares of TD SYNNEX Corporation stock, amounting to a total transaction value of $975,689.
Recent Updates on SNX stock
In the past 24 hours, TD SYNNEX Corporation’s stock developments have been influenced by its recent Q4 earnings call and subsequent analyst reactions. The earnings call revealed strong revenue growth, particularly in the Asia Pacific region, with a 10% year-over-year increase in revenue and a 7% growth in gross billings. Despite this positive performance, challenges such as declining operating margins and macroeconomic uncertainties in Europe were noted. The company’s announcement of Hau Lee’s retirement from the Board of Directors added to the day’s news. Analysts have adjusted price targets, acknowledging better-than-expected Q4 results and a fiscal 2025 guidance that aligns with expectations. However, concerns about near-term margin uncertainty around the Hyve business and uneven end market recovery have moderated the optimism, leading to cautious stances on the stock.
More about TD SYNNEX Corporation
YTD Price Performance: 21.89%
Average Trading Volume: 645,732
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.06B