Arrow Electronics, Inc. (ARW) Hits Fresh High: Is There Still Room to Run?

Arrow Electronics (ARW) has been a standout performer, climbing 37.9% over the last month and trading at a fresh 52-week high of $160.63 in the prior session, signaling renewed investor enthusiasm. The stock has gained 44% year to date, outpacing the Zacks Computer and Technology sector’s roughly flat performance and the Electronics - Parts Distribution industry's 34.4% advance. Arrow's strength is underscored by a track record of beating the consensus in each of the last four quarters. The shares also trade at appealing valuations, with a forward multiple of 13.3x this year's EPS versus the industry average of 17.3x and a PEG of 1.24.