SNX - TD Synnex Insider Trades Send A Signal | Benzinga
On January 23, a recent SEC filing unveiled that DENNIS POLK, Head Hyve Solutions at TD Synnex (NYSE:SNX) made an insider sell.
What Happened: After conducting a thorough analysis, POLK sold 7,000 shares of TD Synnex. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $738,010.
Monitoring the market, TD Synnex's shares down by 0.0% at $106.19 during Wednesday's morning.
About TD Synnex
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.
TD Synnex: Financial Performance Dissected
Revenue Growth: Over the 3 months period, TD Synnex showcased positive performance, achieving a revenue growth rate of 3.2% as of 30 November, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Evaluating Earnings Performance:
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Gross Margin: With a low gross ...