CFO Witt Marshall sells 5,653 shares of SNX for $684,871.45 across 3 transactions on 2024-10-09
Witt Marshall, CFO of TD SYNNEX CORP, executed 3 separate sales totaling 5,653 shares for $684,871.45 at a blended average price of $121.15 on 2024-10-09, reducing his holdings from 43,932 shares to 38,279 shares (-12.9%). The sales occurred at prices modestly above the current market price of $119.69, consistent with recent 30-day price momentum of +8.6%. His prior sales at SNX (3 trades in August 2024) showed mixed near-term outcomes averaging +0.5% over 30 days, with no measurable 90-day patterns established. The company reports a trailing P/E of 14.94 and annual revenue decline of -7.7%, though the latest quarterly revenue stands at $14.7B with net income of $178.6M. This transaction represents a discretionary reduction of a substantial stake but does not appear to deviate significantly from recent market pricing or foreclose material further upside given the current -9.9% discount from the 52-week high of $132.85.