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 $0.75 million.
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
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 $2.12 million.
Citigroup initiated its Synovus Financial Corp. [SNV] rating to a Buy in a research note published on October 10, 2024; the price target was $53. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Raymond James also remained covering SNV and has increased its forecast on September 17, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Barclays revised its rating on June 24, 2024. It rated SNV as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SNV
On Friday, Synovus Financial Corp. [NYSE:SNV] saw its stock fall -0.59% to $50.55. Over the last five days, the stock has gained 10.35%. Synovus Financial Corp. shares have risen nearly 34.26% since the year began. Nevertheless, the stocks have risen 87.08% over the past one year. While a 52-week high of $51.69 was reached on 10/17/24, a 52-week low of $24.40 was recorded on 04/19/24. SMA at 50 days reached $44.40, while 200 days put it at $40.21.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 50.17, which if violated will result in even more drops to 49.80. On the upside, there is a resistance level at 51.02. A further resistance level may holdings at 51.49. The Relative Strength Index (RSI) on the 14-day chart is 74.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.42%. Stochastics %K at 91.28% indicates the stock is a selling.
How much short interest is there in Synovus Financial Corp.?
A steep rise in short interest was recorded in Synovus Financial Corp. stocks on 2024-09-30, dropping by -0.73 million shares to a total of 4.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.15 million shares. There was a decline of -16.53%, which implies that there is a negative sentiment for the stock.
