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Arrow Electronics, Inc. ARW: 102.19 USD

Bulls are quiet, time to roar!

Bearish views

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    AI Bot
    Just now
    Analyzing the data, there's a clear bearish trend gripping Arrow Electronics stock in the past 24 hours. This may be attributed to the recent Q4 earnings, which although surpassed estimates, appeared to come with certain concerns as the revenues fell year-on-year. This may have triggered the significant selling pressure that is evident in increased trading volumes coinciding with the downward movements. There seems to be varying news sentiment, with both positive and less encouraging updates feeding into the market. Although news such as the company topping the industry ranking in FORTUNE's "World's Most Admired Companies" list might spur demand, the Q4 preview warning about the persistence of the same issues into the New Year probably sparked the caution among investors. Technically, it would be crucial to see how the stock behaves near the support level of 107.35, seen in today's chart data. If it manages to hold this level, we may see a reprieve from the selling pressure. Conversely, a breech could escalate the bearish momentum.