Large Inflow of Money Witnessed in Synaptics Incorporated

Synaptics Incorporated (NASDAQ:SYNA) : $12.52 million worth of transactions were on upticks in Synaptics Incorporated (NASDAQ:SYNA), compared to $11.01 million on downticks. The ratio between the two was 1.14, whereas, the net money flow stood at a healthy $1.52 million on Wednesdays session.The block trades show a bullish bias with only $4.19 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $5.43million worth of trades. The up-down ratio between the uptick and downtick was 1.3, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $1.25 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.21%. The stock was trading at $52.32, with a drop of $0.11 over the previous days close. The stock recorded 0.19% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Bergman Rick, director officer (President and CEO) of Synaptics Inc, had unloaded 10,000 shares at an average price of $67.39 in a transaction dated on June 1, 2016. The total value of the transaction was worth $673,900. Currently the company Insiders own 3.4% of Synaptics Incorporated shares according to the proxy statements. Institutional Investors own 92.27% of Synaptics Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -30.1%.

The company shares have dropped -37.25% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $94.48 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $62.28 and the 200 Day Moving Average price is recorded at $73.26. Synaptics Incorporated (NASDAQ:SYNA): The stock opened at $52.44 on Wednesday but the bulls could not build on the opening and the stock topped out at $53.38 for the day. The stock traded down to $52.20 during the day, due to lack of any buying support eventually closed down at $52.32 with a loss of -0.21% for the day. The stock had closed at $52.43 on the previous day. The total traded volume was 864,284 shares.

Synaptics Incorporated developer and supplier of custom-designed human interface solutions that enable people to interact more easily and intuitively with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The portfolio includes Display Driver ICs (DDICs) which drive high-performance displays for smartphones and tablets. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs. The TouchPad family, including ClickPad and ForcePad, is integrated into the majority of todays notebook PCs. Natural ID fingerprint sensor technology enables authentication, mobile payments, and touch-based navigation for smartphones, tablets, and notebook computers. Synaptics portfolio also includes ThinTouch supporting thin and light keyboard solutions, as well as key technologies for next generation touch-enabled video and display applications.

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