Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Synovus Financial Corp. shares valued at $89,841 were purchased by Dierdorff Thomas T on Oct 22 ’24. At $48.80 per share, Dierdorff Thomas T acquired 1,841 shares.
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Also, Dierdorff Thomas T sold 614 shares, netting a total of over 28,367 in proceeds. Following the sale of shares at $46.20 each, the insider now holds 14,833 shares.
Before that, Samaha Eli had sold 172,889 shares from its account. In a trade valued at $4,357,321, the 10% Owner traded Synovus Financial Corp. shares for $25.20 each. Upon closing the transaction, the insider’s holdings decreased to 172,889 shares, worth approximately $63.37 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 1.30%. Over the course of the year, Synovus Financial Corp. shares have jumped approximately 30.15%. Nevertheless, trading volume fell to 1.81 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Synovus Financial Corp. (SNV)
RSI (Relative Strength Index) is 64.46 on the 14-day chart, showing neutral technical sentiment.
