Arrow Electronics (ARW) Receiving Favorable Media Coverage, Report Finds
News headlines about Arrow Electronics (NYSE:ARW) have trended positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arrow Electronics earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.6048238447019 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Monday, September 25th.
Arrow Electronics (NYSE:ARW) traded up $2.81 during trading on Friday, reaching $86.94. 463,837 shares of the company traded hands, compared to its average volume of 416,208. Arrow Electronics has a 1-year low of $68.55 and a 1-year high of $87.26. The stock has a market capitalization of $7,670.00, a PE ratio of 15.31, a PEG ratio of 0.89 and a beta of 1.18. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57.
In related news, Director Gail Hamilton sold 4,800 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total transaction of $375,984.00. Following the transaction, the director now directly owns 91 shares in the company, valued at $7,128.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total transaction of $300,967.92. Following the transaction, the insider now owns 25,552 shares in the company, valued at $2,015,286.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is owned by corporate insiders.
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Arrow Electronics Company Profile
Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.
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