The market has been high on SYNNEX Corporation (SNX) stock recently. SNX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SNX Stock Today?
SYNNEX Corporation (SNX) stock has risen 1.6% while the S&P 500 is lower by -0.13% as of 2:14 PM on Friday, Mar 12. SNX has risen $1.61 from the previous closing price of $100.62 on volume of 161,886 shares. Over the past year the S&P 500 has gained 43.51% while SNX has risen 102.04%. SNX earned $10.21 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.98.
To see the top 5 stocks in the Information Technology Services industry click here.
More About SYNNEX Corporation
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.
Click Here to get the full Stock Score Report on SYNNEX Corporation (SNX) Stock.
