Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synovus Financial Corp shares valued at $435,000 were purchased by Howard Kevin Joseph on Nov 27 ’24. At $58.00 per share, Howard Kevin Joseph acquired 7,500 shares. The insider’s holdings grew to 53,990 shares worth approximately $2.98 million following the completion of this transaction.
Also, Howard Kevin Joseph sold 15,750 shares, netting a total of over 913,815 in proceeds. Following the sale of shares at $58.02 each, the insider now holds 46,490 shares.
Before that, Howard Kevin Joseph had added 15,750 shares to its account. In a trade valued at $913,796, the Officer bought Synovus Financial Corp shares for $58.02 each.
Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of October 10, 2024, Citigroup has initiated its “Buy” rating for SNV. Earlier on October 01, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for SNV stock which previously was a “an Overweight”.
Analyzing SNV Stock Performance
During the last five days, there has been a surge of approximately 2.72%. Over the course of the year, Synovus Financial Corp shares have jumped approximately 7.61%. Shares of the company reached a 52-week high of $56.61 on 01/15/25 and a 52-week low of $50.06 on 01/03/25. A 50-day SMA is recorded $54.44, while a 200-day SMA reached $45.21. Nevertheless, trading volume fell to 1.47 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Synovus Financial Corp (SNV)
According to the 24-hour chart, there is a support level at 54.66, which, if violated, would cause prices to drop to 54.18. In the upper region, resistance lies at 55.51. The next price resistance is at 55.88. RSI (Relative Strength Index) is 57.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.92, which suggests the price will increase in the coming days. Percent R is at 22.60%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
