Synovus Financial Corp.’s filing revealed that its Chief Accounting Officer Hurley Jill K unloaded Company’s shares for reported $0.18 million on Feb 28 ’24. In the deal valued at $37.29 per share,4,808 shares were sold. As a result of this transaction, Hurley Jill K now holds 5,137 shares worth roughly $0.18 million.
Then, Bentsen Tim E sold 4,671 shares, generating $180,394 in total proceeds. Upon selling the shares at $38.62, the Director now owns 33,144 shares.
Before that, Dierdorff Thomas T sold 2,045 shares. Synovus Financial Corp. shares valued at $78,180 were divested by the EVP, Corp. & Inv. Banking at a price of $38.23 per share. As a result of the transaction, Dierdorff Thomas T now holds 11,086 shares, worth roughly $0.4 million.
Keefe Bruyette downgraded its Synovus Financial Corp. [SNV] rating to a Mkt perform from a an Outperform in a research note published on April 19, 2024; the price target was decreased to $38 from $46. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid April from “a Strong buy” to “a Mkt perform”. Barclays began covering SNV with “an Equal weight” recommendation on March 08, 2024. UBS revised its rating on January 08, 2024. It rated SNV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SNV
On Monday, Synovus Financial Corp. [NYSE:SNV] saw its stock jump 2.21% to $35.68. Over the last five days, the stock has lost -2.94%. Synovus Financial Corp. shares have fallen nearly -5.23% since the year began. Nevertheless, the stocks have risen 13.63% over the past one year. While a 52-week high of $40.92 was reached on 03/07/24, a 52-week low of $24.40 was recorded on 04/19/24. SMA at 50 days reached $37.80, while 200 days put it at $33.47. A total of 1.8 million shares were traded, compared to the trading of 2.61 million shares in the previous session.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 34.99, which if violated will result in even more drops to 34.30. On the upside, there is a resistance level at 36.04. A further resistance level may holdings at 36.40. The Relative Strength Index (RSI) on the 14-day chart is 40.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.79%. Stochastics %K at 22.53% indicates the stock is a holding.
