Synnex Corp (SNX) Files Form 4 Insider Selling : Peter Larocque Sells 2,644 Shares

Synnex Corp (SNX): Peter Larocque , President, N.A. Distribution of Synnex Corp sold 2,644 shares on Apr 12, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $87.07 per share for a total value of $229,978.80 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.SYNNEX Corporation is Downgraded by Raymond James to Underperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Mar 23, 2016.

Currently the company Insiders own 3.4% of SYNNEX Corporation shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 2.98%.Institutional Investors own 76.11% of SYNNEX Corporation shares.During last six month period, the net percent change held by insiders has seen a change of 1.4%.

Shares of SYNNEX Corporation (SNX) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.85 points or -0.96% at $87.3 with 3,75,221 shares getting traded. Post opening the session at $87.72, the shares hit an intraday low of $87.26 and an intraday high of $89 and the price vacillated in this range throughout the day. The company has a market cap of $3,466 M and the number of outstanding shares has been calculated to be 3,97,03,119 shares. The 52-week high of SYNNEX Corporation is $102.826 and the 52-week low is $71.

SYNNEX Corporation Money Flow Index Chart

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.

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