Shares of Synnex Corporation (NYSE:SNX) Sees Large Inflow of Net Money Flow

The shares of Synnex Corporation (NYSE:SNX) traded with a loss of -0.49 points or -0.52% in the most recent session. The shares last traded at $94.4. As per the trading info, the shares saw $3.01 million in upticks and lost $1.08 million in downticks, resulting in a net money flow of $1.92 million. The up/down ratio for the day was measured at 2.77. For the week, the shares had posted 1.72%.From the block trade data available, the total upticks were valued at $1.89 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $1.89 million.


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 -6.92% . Institutional Investors own 77.47% of Synnex Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.6%. On the companys insider trading activities,The director officer (Chief Operating Officer) of Synnex Corp, Polk Dennis sold 335 shares at $90.51 on June 1, 2016. The Insider selling transaction had a total value worth of $30,321. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Synnex Corporation (NYSE:SNX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.64 points or 1.73% at $93.25 with 249,815 shares getting traded. Post opening the session at $94.66, the shares hit an intraday low of $93.21 and an intraday high of $94.89 and the price was in this range throughout the day. The company has a market cap of $3,702 million and the number of outstanding shares have been calculated to be 39,703,119 shares. The 52-week high of Synnex Corporation (NYSE:SNX) is $102.826 and the 52-week low is $71.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Raymond James, downgrades their rating on the shares of Synnex Corporation (NYSE:SNX). Raymond James has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 8, 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 Companys 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.