Synovus Financial Corp.’s recently made public that its EVP, Corp. & Inv. Banking Dierdorff Thomas T unloaded Company’s shares for reported $28367.0 on Jul 24 ’24. In the deal valued at $46.20 per share,614 shares were sold. As a result of this transaction, Dierdorff Thomas T now holds 14,833 shares worth roughly $0.69 million.
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Then, Samaha Eli sold 172,889 shares, generating $4,357,321 in total proceeds. Upon selling the shares at $25.20, the 10% Owner now owns 1,293,259 shares.
Before that, AKINS D WAYNE JR bought 24,500 shares. Synovus Financial Corp. shares valued at $916,300 were divested by the EVP, Chief Comm Banking Off. at a price of $37.40 per share. As a result of the transaction, AKINS D WAYNE JR now holds 41,884 shares, worth roughly $1.96 million.
Barclays upgraded its Synovus Financial Corp. [SNV] rating to an Overweight from a an Equal weight in a research note published on June 24, 2024; the price target was increased to $46 from $39. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Mkt perform”. Raymond James also remained covering SNV and has decreased its forecast on April 18, 2024 with a “Mkt perform” recommendation from previously “Strong buy” rating. Barclays started covering the stock on March 08, 2024. It rated SNV as “an Equal weight”.
Price Performance Review of SNV
On Monday, Synovus Financial Corp. [NYSE:SNV] saw its stock fall -1.66% to $46.83. Over the last five days, the stock has gained 2.05%. Synovus Financial Corp. shares have risen nearly 24.38% since the year began. Nevertheless, the stocks have risen 42.00% over the past one year. While a 52-week high of $47.76 was reached on 07/29/24, a 52-week low of $24.40 was recorded on 04/19/24. SMA at 50 days reached $40.33, while 200 days put it at $36.45. A total of 0.78 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 46.39, which if violated will result in even more drops to 45.96. On the upside, there is a resistance level at 47.55. A further resistance level may holdings at 48.27. The Relative Strength Index (RSI) on the 14-day chart is 70.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.36%. Stochastics%K at 91.66% indicates the stock is a selling.
