In a filing, Synovus Financial Corp revealed its EVP, Chief Wholesale Bank. Off Howard Kevin Joseph acquired Company’s shares for reported $0.43 million on Nov 27 ’24. In the deal valued at $58.00 per share,7,500 shares were bought. As a result of this transaction, Howard Kevin Joseph now holds 53,990 shares worth roughly $3.06 million.
Then, Howard Kevin Joseph sold 15,750 shares, generating $913,815 in total proceeds. Upon selling the shares at $58.02, the EVP, Chief Wholesale Bank. Off now owns 46,490 shares.
Before that, Howard Kevin Joseph bought 15,750 shares. Synovus Financial Corp shares valued at $913,796 were divested by the Officer at a price of $58.02 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 Monday, Synovus Financial Corp [NYSE:SNV] saw its stock fall -0.70% to $56.67. Over the last five days, the stock has lost -1.65%. Synovus Financial Corp shares have risen nearly 50.52% since the year began. Nevertheless, the stocks have risen 84.05% over the past one year. While a 52-week high of $59.92 was reached on 11/25/24, a 52-week low of $30.52 was recorded on 04/19/24. SMA at 50 days reached $50.31, while 200 days put it at $42.76.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 56.09, which if violated will result in even more drops to 55.52. On the upside, there is a resistance level at 57.42. A further resistance level may holdings at 58.18. The Relative Strength Index (RSI) on the 14-day chart is 59.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.02%. Stochastics %K at 49.88% 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 2024-11-15, dropping by -1.42 million shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.92 million shares. There was a decline of -40.38%, which implies that there is a negative sentiment for the stock.
