Synovus Financial Corp’s filing revealed that its EVP, Corp. & Inv. Banking Dierdorff Thomas T acquired Company’s shares for reported $89951.0 on Oct 22 ’24. In the deal valued at $48.86 per share,1,841 shares were bought. As a result of this transaction, Dierdorff Thomas T now holds 14,833 shares worth roughly $0.85 million.
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Then, Dierdorff Thomas T sold 1,841 shares, generating $89,841 in total proceeds. Upon selling the shares at $48.80, the EVP, Corp. & Inv. Banking now owns 12,992 shares.
Before that, Dierdorff Thomas T bought 1,841 shares. Synovus Financial Corp shares valued at $89,841 were divested by the Officer at a price of $48.80 per share.
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 jump 2.86% to $57.62. Over the last five days, the stock has gained 3.41%. Synovus Financial Corp shares have risen nearly 53.04% since the year began. Nevertheless, the stocks have risen 92.52% over the past one year. While a 52-week high of $59.79 was reached on 11/11/24, a 52-week low of $29.34 was recorded on 04/19/24. SMA at 50 days reached $49.06, while 200 days put it at $42.23.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 56.54, which if violated will result in even more drops to 55.46. On the upside, there is a resistance level at 58.22. A further resistance level may holdings at 58.82. The Relative Strength Index (RSI) on the 14-day chart is 66.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.81%. Stochastics %K at 68.35% indicates the stock is a holding.
How much short interest is there in Synovus Financial Corp?
A steep rise in short interest was recorded in Synovus Financial Corp stocks on 2024-10-31, dropping by -0.59 million shares to a total of 3.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.42 million shares. There was a decline of -15.43%, which implies that there is a negative sentiment for the stock.
