Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synovus Financial Corp shares valued at $92,450 were purchased by Dierdorff Thomas T on Jan 28 ’25. At $55.03 per share, Dierdorff Thomas T acquired 1,680 shares. The insider’s holdings grew to 13,471 shares worth approximately $0.69 million following the completion of this transaction.
Also, Dierdorff Thomas T sold 1,680 shares, netting a total of over 92,450 in proceeds. Following the sale of shares at $55.03 each, the insider now holds 11,791 shares.
Before that, Dierdorff Thomas T had added 1,681 shares to its account. In a trade valued at $92,442, the Officer bought Synovus Financial Corp shares for $54.99 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 drop of approximately -5.13%. Over the course of the year, Synovus Financial Corp shares have jumped approximately 0.04%. Shares of the company reached a 52-week high of $57.22 on 01/30/25 and a 52-week low of $50.06 on 01/03/25. A 50-day SMA is recorded $53.60, while a 200-day SMA reached $47.40. Nevertheless, trading volume fell to 1.05 million shares from 1.38 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 50.88, which, if violated, would cause prices to drop to 50.51. In the upper region, resistance lies at 51.92. The next price resistance is at 52.59. RSI (Relative Strength Index) is 34.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.40, which suggests the price will decrease in the coming days. Percent R is at 91.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
