Synnex Corporation (NYSE:SNX) traded at a new 52-week high today of $128.00. Approximately 66,000 shares have changed hands today, as compared to an average 30-day volume of 279,000 shares.
Synnex Corp is a provider of wholesale IT integration, distribution, and outsourcing services. The company operates in a single segment, which is technology solutions. Technology solutions distribute peripheral, IT systems, including data center servers and storage solutions; system components; software, networking, communication, & security equipment; consumer electronics; and complementary products. Synnex distributes its products to more than 25,000 resellers, system integrators, and retailers. Its services include Systems Design and Integration Solutions, Logistics, Cloud, Online, Financing, and Marketing. The majority of the firm's revenue is derived from the United States of America.
Based on a current price of $127.31, Synnex Corporation is currently 17.5% above its average consensus analyst price target of $105.06.
Over the past year, Synnex Corporation has traded in a range of $38.58 to $128.00 and is now at $127.31, 230% above that low.
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