ARW Stock Summary and Trading Ideas (Arrow Electronics | NYSE:ARW)

Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It has one of the world's broadest portfolios of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions, and software, the company helps industrial and commercial customers introduce products, reduce their time to market, and enhance their overall competitiveness. The company has two business segments, the components business and the enterprise computing solutions.

Arrow Electronics trades on the NYSE stock market under the symbol ARW.

As of April 18, 2024, ARW stock price climbed to $122.04 with 247,665 million shares trading.

ARW has a beta of 1.07, meaning it tends to be more sensitive to market movements. ARW has a correlation of 0.27 to the broad based SPY ETF.

ARW has a market cap of $6.59 billion. This is considered a Mid Cap stock.

Last quarter Arrow Electronics reported $8 billion in Revenue and $3.98 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.26.

In the last 3 years, ARW stock traded as high as $147.42 and as low as $89.38.

The top ETF exchange traded funds that ARW belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

ARW has underperformed the market in the last year with a price return of +2.5% while the SPY ETF gained +22.3%. However, in the short term, ARW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.9% vs +6.1% return in SPY. But in the last 2 weeks, ARW shares have been beat by the market, returning -5.5% compared to an SPY return of -3.8%.

ARW support price is $120.09 and resistance is $123.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARW stock will trade within this expected range on the day.