Sanmina

Sanmina shares plunged during regular trading after a sharp pre-market spike driven by a corporate announcement triggered profit-taking. The stock surged to an intraday high of $257.00 in pre-market but reversed sharply at the open, hitting a low of $230.645 during the session and closing at $231.79, down 5.9% from the prior close of $246.39. Despite strong fundamentals—Q2 revenue surged 102.27% YoY to $4.013 billion, net profit rose 45.85% YoY—the stock remains 19.71% below its 52-week high of $288.68 and below its 20-day moving average of $248.21. Post-market, the stock recovered to $245.00, partially retracing losses.

Sanmina retreated 0.9% to $280.13 today, closing below yesterday's $282.72, despite Q2 earnings released recently showing revenue of $4.013 billion (up 102% YoY) and EPS of $1.70 (up 46.55% YoY) with raised Q3 guidance. The stock touched intraday highs near $285.34 (around 3:05 PM ET), approaching its 52-week high of $288.68, but failed to sustain gains. Year-to-date, SANM has surged 75.86%, trading well above its 20-day moving average of $249.77 and 60-day moving average of $188.43. However, institutional investors including LSV Asset Management are reducing positions, while company insiders have been selling shares at elevated levels. These signals suggest market participants are diverging as they digest the earnings beat. Today's pullback reflects profit-taking pressure and institutional positioning adjustments following the prior robust rally.