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Sanmina Corporation (SANM) Shares Soar 1.02% to 2025 High
Generated by AI AgentAinvest Movers Radar
Friday, Jun 20, 2025 6:40 pm ET1min read
Sanmina Corporation (SANM) shares rose to their highest level since February 2025 today, with an intraday gain of 1.02%.
The strategy of buying SANM shares after they reached a recent high and holding for 1 week underperformed the market. The 5-year percentage change was -14.19%, compared to the S&P 500's 88% return. This indicates that waiting for recent highs to enter positions often leads to subpar performance, as the stock struggled to match the market's gains.Sanmina Corporation's stock price has been influenced by several key developments. Viking Enterprise Solutions, a division of Sanmina, recently introduced the Viking Edge AI Computational Storage Appliance. This innovative product is expected to enhance Sanmina's market position and attract investor interest, potentially driving the stock price higher.
Analysts' average price target for Sanmina's stock suggests an upward trend, reflecting positive market sentiment. This optimistic outlook could further influence stock price increases, as investors anticipate future growth and profitability.
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