In a filing, Synovus Financial Corp revealed its Officer Dierdorff Thomas T acquired Company’s shares for reported $92442.0 on Jan 28 ’25. In the deal valued at $54.99 per share,1,681 shares were bought.
Then, Howard Kevin Joseph bought 7,500 shares, generating $435,000 in total proceeds. Upon buying the shares at $58.00, the EVP, Chief Wholesale Bank. Off now owns 53,990 shares.
Before that, Howard Kevin Joseph sold 15,750 shares. Synovus Financial Corp shares valued at $913,815 were divested by the EVP, Chief Wholesale Bank. Off at a price of $58.02 per share. As a result of the transaction, Howard Kevin Joseph now holds 46,490 shares, worth roughly $2.56 million.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Citigroup began covering SNV with “Buy” recommendation on October 10, 2024. Wells Fargo revised its rating on October 01, 2024. It rated SNV as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of SNV
On Tuesday, Synovus Financial Corp [NYSE:SNV] saw its stock fall -0.31% to $55.01. Over the last five days, the stock has lost -0.61%. Synovus Financial Corp shares have risen nearly 7.38% since the year began. Nevertheless, the stocks have risen 41.23% over the past one year. While a 52-week high of $59.92 was reached on 01/15/25, a 52-week low of $33.44 was recorded on 01/03/25. SMA at 50 days reached $54.26, while 200 days put it at $45.54.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 54.41, which if violated will result in even more drops to 53.82. On the upside, there is a resistance level at 55.60. A further resistance level may holdings at 56.20. The Relative Strength Index (RSI) on the 14-day chart is 56.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.60%. Stochastics %K at 77.27% 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 2024-12-31, dropping by 45328.0 shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.84 million shares. There was a decline of -1.62%, which implies that there is a negative sentiment for the stock.
