Significant Insider Sales in Shares of SYNNEX Corporation (SNX) Extends the Selling Trend of Last Quarter

Thursday, January 18, 2018 10:15 PM ET

Significant Insider Sales in Shares of SYNNEX Corporation (SNX) Extends the Selling Trend of Last Quarter

A substantial level of insider sales in SYNNEX Corporation was disclosed in form 4 documents filed with the SEC today. Three insiders — Silver Star Developments Ltd, 10% Owner, Peer Developments Ltd, 10% Owner, and Matthew Miau, Director — disposed of 1,600,000 shares in the company having a market value of approximately $208,480,000. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 5,400 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,605,400 shares and have averaged 321,080 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at SYNNEX Corporation is higher than the 16-company peer group average. Computer Peripherals peer group saw 17 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for SYNNEX Corporation insiders was also higher. Within the peer group there were 1,364,235 shares purchased and 41,538 shares sold with company insiders purchasing 165,337 shares on average.

The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Silver Star Developments Ltd, 10% Owner, sold 451,000 shares
* Peer Developments Ltd, 10% Owner, sold 349,000 shares
* Matthew Miau, Director, sold 800,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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