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 $3.19 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 $3.38 million.
TD Cowen reiterated its Synaptics Inc [SYNA] rating to a Buy in a research note published on November 08, 2024; the price target was $100. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Sector weight”. TD Cowen also remained covering SYNA and reiterated its “Buy” recommendation on August 09, 2024. TD Cowen maintained its rating on May 10, 2024. It rated SYNA as “a Buy”.
Price Performance Review of SYNA
On Monday, Synaptics Inc [NASDAQ:SYNA] saw its stock fall -1.06% to $73.85. Over the last five days, the stock has lost -6.09%. Synaptics Inc shares have fallen nearly -35.26% since the year began. Nevertheless, the stocks have fallen -29.61% 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 $73.94, while 200 days put it at $86.78.
Levels Of Support And Resistance For SYNA Stock
The 24-hour chart illustrates a support level at 72.73, which if violated will result in even more drops to 71.60. On the upside, there is a resistance level at 75.40. A further resistance level may holdings at 76.94. The Relative Strength Index (RSI) on the 14-day chart is 49.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.22%. Stochastics %K at 49.13% 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 2024-10-31, growing by 33853.0 shares to a total of 2.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.95 million shares. There was a rise of 1.14%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 09, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $135.
