Synnex Corp (SNX): Duane E Zitzner , director of Synnex Corp sold 1,000 shares on Jul 20, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $100.00 per share for a total value of $100,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 8, 2016, Peter Larocque (President, N.A. Distribution) sold 7,000 shares at $94.22 per share price.On Jul 6, 2016, Kevin M Murai (Chief Executive Officer) sold 16,500 shares at $94.02 per share price.Also, On Jul 5, 2016, Dennis Polk (Chief Operating Officer) sold 2,000 shares at $93.71 per share price.On Jul 5, 2016, Simon Leung (SVP, GC & Corporate Secretary) sold 1,000 shares at $93.71 per share price.
SYNNEX Corporation: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in SYNNEX Corporation which led to swings in the share price. The shares opened for trading at $100 and hit $100.83 on the upside , eventually ending the session at $100.27, with a gain of 0.85% or 0.85 points. The heightened volatility saw the trading volume jump to 1,13,695 shares. The 52-week high of the share price is $102.826 and the company has a market cap of $3,987 M . The 52-week low of the share price is at $71.935.
Company has been under the radar of several Street Analysts.SYNNEX Corporation is Resumed by Needham to Hold. The Rating was issued on Jun 24, 2016.SYNNEX Corporation is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 8, 2016.SYNNEX Corporation is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 18, 2016.SYNNEX Corporation is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 2, 2016.
Synnex Corporation is a business process services company. The Company offers a range of services to resellers retailers and original equipment manufacturers financial and insurance institutions and other industry verticals across the world. The Company’s primary business process services are wholesale information technology (IT) distribution and outsourcing services. The Company operates in two segments: distribution services also known as Technology Solutions and global business services also known as Concentrix. Its Technology Solutions segment distributes peripherals IT systems including data center server and storage solutions system components software networking equipment and consumer electronics. Its Concentrix segment offers a range of solutions and end-to-end business services focused on customer engagement strategy process optimization technology innovation front and back-office automation and business transformation to clients in various industry verticals.