Synovus Financial Corp.’s recent filing unveils 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 $0.65 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 $1.84 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 jump 1.43% to $43.97. Over the last five days, the stock has gained 6.52%. Synovus Financial Corp. shares have risen nearly 16.79% since the year began. Nevertheless, the stocks have risen 42.39% over the past one year. While a 52-week high of $47.83 was reached on 07/29/24, a 52-week low of $24.40 was recorded on 04/19/24. SMA at 50 days reached $41.44, while 200 days put it at $37.68.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 43.49, which if violated will result in even more drops to 43.00. On the upside, there is a resistance level at 44.22. A further resistance level may holdings at 44.46. The Relative Strength Index (RSI) on the 14-day chart is 57.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.26%. Stochastics%K at 50.64% indicates the stock is a holding.
How much short interest is there in Synovus Financial Corp.?
A steep rise in short interest was recorded in Synovus Financial Corp. stocks on 2024-07-31, dropping by -0.97 million shares to a total of 5.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.35 million shares. There was a decline of -17.92%, which implies that there is a negative sentiment for the stock.
