The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Synovus Financial Corp. shares valued at $28,367 were sold by Dierdorff Thomas T on Jul 24 ’24. At $46.20 per share, Dierdorff Thomas T sold 614 shares. The insider’s holdings dropped to 14,833 shares worth approximately $0.72 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Samaha Eli sold 172,889 shares, netting a total of over 4,357,321 in proceeds. Following the sale of shares at $25.20 each, the insider now holds 1,293,259 shares.
Before that, AKINS D WAYNE JR had added 24,500 shares to its account. In a trade valued at $916,300, the EVP, Chief Comm Banking Off. bought Synovus Financial Corp. shares for $37.40 each. Upon closing the transaction, the insider’s holdings increased to 24,500 shares, worth approximately $2.03 million.
As published in their initiating research note from Citigroup on October 10, 2024, Synovus Financial Corp. [SNV] has been a Buy and the price target has been revised to $53. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of September 17, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for SNV. Earlier on June 24, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for SNV stock which previously was a “an Equal weight”.
Analyzing SNV Stock Performance
During the last five days, there has been a surge of approximately 11.02%. Over the course of the year, Synovus Financial Corp. shares have jumped approximately 28.47%. Shares of the company reached a 52-week high of $48.82 on 10/16/24 and a 52-week low of $33.44 on 04/19/24. A 50-day SMA is recorded $44.01, while a 200-day SMA reached $40.07. Nevertheless, trading volume fell to 2.72 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Synovus Financial Corp. (SNV)
According to the 24-hour chart, there is a support level at 47.71, which, if violated, would cause prices to drop to 47.04. In the upper region, resistance lies at 48.93. The next price resistance is at 49.48. RSI (Relative Strength Index) is 70.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.99, which suggests the price will increase in the coming days. Percent R is at 6.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
