Synchronoss Technologies Inc’s filing revealed that its Director Bernstein Martin Francis unloaded Company’s shares for reported $0.11 million on Sep 11 ’24. In the deal valued at $13.66 per share,7,792 shares were sold. As a result of this transaction, Bernstein Martin Francis now holds 55,664 shares worth roughly $0.57 million.
Then, Bernstein Martin Francis sold 6,036 shares, generating $85,349 in total proceeds. Upon selling the shares at $14.14, the Director now owns 48,498 shares.
Before that, Bernstein Martin Francis sold 1,130 shares. Synchronoss Technologies Inc shares valued at $15,594 were divested by the Director at a price of $13.80 per share. As a result of the transaction, Bernstein Martin Francis now holds 54,534 shares, worth roughly $0.55 million.
ROTH MKM upgraded its Synchronoss Technologies Inc [SNCR] rating to a Buy from a a Neutral in a research note published on November 25, 2024; the price target was increased to $13 from $11. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. B. Riley Securities began covering SNCR with “Buy” recommendation on June 30, 2021. Ladenburg Thalmann started covering the stock on August 25, 2020. It rated SNCR as “a Buy”.
Price Performance Review of SNCR
On Friday, Synchronoss Technologies Inc [NASDAQ:SNCR] saw its stock jump 10.91% to $10.17. Over the last five days, the stock has gained 21.07%. Synchronoss Technologies Inc shares have risen nearly 5.94% since the year began. Nevertheless, the stocks have risen 83.91% over the past one year. While a 52-week high of $15.46 was reached on 01/17/25, a 52-week low of $5.35 was recorded on 01/13/25. SMA at 50 days reached $9.62, while 200 days put it at $10.12.
Levels Of Support And Resistance For SNCR Stock
The 24-hour chart illustrates a support level at 9.51, which if violated will result in even more drops to 8.85. On the upside, there is a resistance level at 10.54. A further resistance level may holdings at 10.91. The Relative Strength Index (RSI) on the 14-day chart is 60.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.32%. Stochastics %K at 63.71% indicates the stock is a holding.
How much short interest is there in Synchronoss Technologies Inc?
A steep rise in short interest was recorded in Synchronoss Technologies Inc stocks on 2024-10-31, dropping by 47986.0 shares to a total of 0.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.16 million shares. There was a decline of -44.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 26, 2020 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6.50 price target.
