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Taking a look at what insiders are doing to gauge the Synaptics Inc (SYNA)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Synaptics Inc shares valued at $33,550 were purchased by VIKRAM GUPTA on Dec 04 ’24. At $81.63 per share, VIKRAM GUPTA acquired 411 shares.

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Also, Gupta Vikram sold 412 shares, netting a total of over 33,030 in proceeds. Following the sale of shares at $80.17 each, the insider now holds 41,206 shares.

Before that, VIKRAM GUPTA had added 412 shares to its account. In a trade valued at $33,030, the Officer bought Synaptics Inc shares for $80.17 each.

As published in a research note from TD Cowen on November 08, 2024, Synaptics Inc [SYNA] has been retained to a Buy and the price target has been revised to $100. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early October. As of August 09, 2024, TD Cowen has reiterated its “Buy” rating for SYNA. Earlier on May 10, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for SYNA stock.

Analyzing SYNA Stock Performance

During the last five days, there has been a surge of approximately 1.90%. Over the course of the year, Synaptics Inc shares have dropped approximately -28.44%. Shares of the company reached a 52-week high of $115.85 on 02/12/24 and a 52-week low of $67.83 on 08/08/24. A 50-day SMA is recorded $74.88, while a 200-day SMA reached $85.11. Nevertheless, trading volume fell to 0.52 million shares from 0.54 million shares the previous day.

Support And Resistance Levels for Synaptics Inc (SYNA)

According to the 24-hour chart, there is a support level at 80.80, which, if violated, would cause prices to drop to 79.98. In the upper region, resistance lies at 82.70. The next price resistance is at 83.78. RSI (Relative Strength Index) is 61.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.74, which suggests the price will increase in the coming days. Percent R is at 14.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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