SYNNEX (NYSE:SNX) is one of today's biggest movers, down 99.3% to $36.61. The S&P is currently trading 1.0% higher to 1,513 and the Dow Jones Industrial Average is trading 0.9% higher to 13,994.
Over the past year, SYNNEX has traded in a range of $30.70 to $44.25 and is now at $36.61, 19% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.
SYNNEX has overhead space with shares priced $36.61, or 7.2% below the average consensus analyst price target of $39.46. The stock should find initial support at its 50-day moving average (MA) of $34.30 and further support at its 200-day MA of $34.07.
SYNNEX Corporation provides information technology supply chain services. The Company offers services to original equipment manufacturers and software publishers worldwide. SYNNEX offers product distribution, related logistics services, and contract assembly.