Synovus Financial Corp’s recent filing unveils that its EVP, Corp. & Inv. Banking Dierdorff Thomas T acquired Company’s shares for reported $92450.0 on Jan 28 ’25. In the deal valued at $55.03 per share,1,680 shares were bought. As a result of this transaction, Dierdorff Thomas T now holds 13,471 shares worth roughly $0.76 million.
Then, Dierdorff Thomas T sold 1,680 shares, generating $92,450 in total proceeds. Upon selling the shares at $55.03, the EVP, Corp. & Inv. Banking now owns 11,791 shares.
Before that, Dierdorff Thomas T bought 1,681 shares. Synovus Financial Corp shares valued at $92,442 were divested by the Officer at a price of $54.99 per share.
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 jump 2.14% to $56.25. Over the last five days, the stock has gained 2.25%. Synovus Financial Corp shares have risen nearly 9.80% since the year began. Nevertheless, the stocks have risen 56.25% over the past one year. While a 52-week high of $59.92 was reached on 01/30/25, a 52-week low of $33.44 was recorded on 01/03/25. SMA at 50 days reached $54.27, while 200 days put it at $46.02.
Levels Of Support And Resistance For SNV Stock
The 24-hour chart illustrates a support level at 55.38, which if violated will result in even more drops to 54.50. On the upside, there is a resistance level at 56.84. A further resistance level may holdings at 57.43. The Relative Strength Index (RSI) on the 14-day chart is 59.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.66%. Stochastics %K at 72.50% 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.
