The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Synchronoss Technologies Inc shares valued at $106,453 were sold by Bernstein Martin Francis on Sep 11 ’24. At $13.66 per share, Bernstein Martin Francis sold 7,792 shares. The insider’s holdings dropped to 55,664 shares worth approximately $0.55 million following the completion of this transaction.
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Also, Bernstein Martin Francis sold 6,036 shares, netting a total of over 85,349 in proceeds. Following the sale of shares at $14.14 each, the insider now holds 48,498 shares.
Before that, Bernstein Martin Francis had sold 1,130 shares from its account. In a trade valued at $15,594, the Director traded Synchronoss Technologies Inc shares for $13.80 each. Upon closing the transaction, the insider’s holdings decreased to 1,130 shares, worth approximately $0.53 million.
As published in a research note from ROTH MKM on November 25, 2024, Synchronoss Technologies Inc [SNCR] has been rated up from a Neutral to a Buy and the price target has been revised to $13 from $11. Analysts at ROTH Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of June 30, 2021, B. Riley Securities has initiated its “Buy” rating for SNCR. Earlier on August 25, 2020, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for SNCR stock.
Analyzing SNCR Stock Performance
During the last five days, there has been a surge of approximately 5.37%. Over the course of the year, Synchronoss Technologies Inc shares have jumped approximately 57.97%. Shares of the company reached a 52-week high of $15.46 on 10/01/24 and a 52-week low of $5.18 on 01/11/24. A 50-day SMA is recorded $11.50, while a 200-day SMA reached $10.11. Nevertheless, trading volume fell to 74701.0 shares from 62100.0 shares the previous day.
Support And Resistance Levels for Synchronoss Technologies Inc (SNCR)
According to the 24-hour chart, there is a support level at 9.47, which, if violated, would cause prices to drop to 9.12. In the upper region, resistance lies at 10.09. The next price resistance is at 10.37. RSI (Relative Strength Index) is 45.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 52.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
