Synnex Corp (SNX): Dennis Polk , Chief Operating Officer of Synnex Corp sold 1,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $79.90 per share for a total value of $79,900.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Dennis Polk (Chief Operating Officer) sold 2,000 shares at $80.56 per share price.On May 4, 2016, Simon Leung (SVP, GC & Corporate Secretary) sold 1,000 shares at $80.30 per share price.Also, On Apr 13, 2016, Peter Larocque (President, N.A. Distribution) sold 2,644 shares at $87.07 per share price.On Apr 5, 2016, Kevin M Murai (Chief Executive Officer) sold 16,500 shares at $90.92 per share price.
Shares of SYNNEX Corporation (SNX) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.43 points or -0.54% at $78.51 with 1,71,648 shares getting traded. Post opening the session at $78.63, the shares hit an intraday low of $78.1486 and an intraday high of $79.64 and the price vacillated in this range throughout the day. The company has a market cap of $3,117 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.
Company has been under the radar of several Street Analysts.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 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.
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.