Synaptics Inc’s filing revealed that its insider Gupta Vikram unloaded Company’s shares for reported $0.22 million on Sep 27 ’24. In the deal valued at $80.00 per share,2,731 shares were sold. As a result of this transaction, Gupta Vikram now holds 43,245 shares worth roughly $3.07 million.
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Then, VIKRAM GUPTA bought 2,731 shares, generating $218,480 in total proceeds.
Before that, Gupta Vikram sold 1,008 shares. Synaptics Inc shares valued at $80,640 were divested by the insider at a price of $80.00 per share. As a result of the transaction, Gupta Vikram now holds 45,789 shares, worth roughly $3.25 million.
KeyBanc Capital Markets downgraded its Synaptics Inc [SYNA] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering SYNA and reiterated its “Buy” recommendation on May 10, 2024. TD Cowen maintained its rating on February 09, 2024. It rated SYNA as “an Outperform”.
Price Performance Review of SYNA
On Friday, Synaptics Inc [NASDAQ:SYNA] saw its stock fall -2.27% to $71.05. Over the last five days, the stock has lost -2.94%. Synaptics Inc shares have fallen nearly -37.72% since the year began. Nevertheless, the stocks have fallen -25.75% over the past one year. While a 52-week high of $121.37 was reached on 02/12/24, a 52-week low of $67.83 was recorded on 08/08/24. SMA at 50 days reached $75.20, while 200 days put it at $90.34.
Levels Of Support And Resistance For SYNA Stock
The 24-hour chart illustrates a support level at 69.50, which if violated will result in even more drops to 67.95. On the upside, there is a resistance level at 73.03. A further resistance level may holdings at 75.01. The Relative Strength Index (RSI) on the 14-day chart is 40.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.04%. Stochastics %K at 24.43% indicates the stock is a holding.
How much short interest is there in Synaptics Inc?
A steep rise in short interest was recorded in Synaptics Inc stocks on 2024-09-30, dropping by 16257.0 shares to a total of 2.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.96 million shares. There was a decline of -0.55%, which implies that there is a negative sentiment for the stock.
