SNX - Apollo Management Holdings GP LLC Takes Money Off The Table Sells $228.38M In TD Synnex Stock | Benzinga
It was reported on January 18, that Apollo Management Holdings GP LLC, 10% Owner at TD Synnex (NYSE:SNX) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that LLC executed a sale of 2,250,000 shares of TD Synnex with a total value of $228,375,000.
TD Synnex shares are trading up 0.39% at $103.7 at the time of this writing on Thursday morning.
Delving into TD Synnex's Background
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.
Financial Milestones: TD Synnex's Journey
Positive Revenue Trend: Examining TD Synnex's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.2% as of 30 November, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Holistic Profitability ...