Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synaptics Inc shares valued at $33,550 were sold by Gupta Vikram on Dec 04 ’24. At $81.63 per share, Gupta Vikram sold 411 shares. The insider’s holdings dropped to 40,795 shares worth approximately $3.34 million following the completion of this transaction.
Also, VIKRAM GUPTA purchased 411 shares, netting a total of over 33,550 in proceeds.
Before that, Gupta Vikram had sold 412 shares from its account. In a trade valued at $33,030, the insider traded Synaptics Inc shares for $80.17 each. Upon closing the transaction, the insider’s holdings decreased to 412 shares, worth approximately $3.37 million.
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 0.78%. Over the course of the year, Synaptics Inc shares have jumped approximately 7.18%. Shares of the company reached a 52-week high of $84.57 on 01/06/25 and a 52-week low of $73.86 on 01/14/25. A 50-day SMA is recorded $77.48, while a 200-day SMA reached $81.99. Nevertheless, trading volume fell to 0.72 million shares from 0.32 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 78.43, which, if violated, would cause prices to drop to 75.06. In the upper region, resistance lies at 83.82. The next price resistance is at 85.84. RSI (Relative Strength Index) is 57.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 25.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
