Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.58 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.
As published in a research note from Raymond James on April 02, 2025, Synovus Financial Corp [SNV] has been rated down from an Outperform to a Mkt perform. As of December 09, 2024, Deutsche Bank has initiated its “Buy” rating for SNV. Earlier on October 10, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for SNV stock.
Analyzing SNV Stock Performance
During the last five days, there has been a surge of approximately 6.91%. Over the course of the year, Synovus Financial Corp shares have dropped approximately -15.44%. Shares of the company reached a 52-week high of $57.22 on 01/30/25 and a 52-week low of $35.94 on 04/04/25. A 50-day SMA is recorded $46.48, while a 200-day SMA reached $48.56.
Support And Resistance Levels for Synovus Financial Corp (SNV)
According to the 24-hour chart, there is a support level at 42.44, which, if violated, would cause prices to drop to 41.57. In the upper region, resistance lies at 43.80. The next price resistance is at 44.29. RSI (Relative Strength Index) is 50.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.91, which suggests the price will increase in the coming days. Percent R is at 16.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
