Synaptics Incorporated (SYNA) : Investors lapped up stocks on upticks to the tune of $5.9 million in the Wednesdays trading session. The trading value on downticks was comparatively at $4.6 million and the uptick to downtick ratio of 1.28 indicates continuous buying by the bulls. The net money flow into the stock was $1.3 million. Upticks saw transactions worth $2.14 clearly indicating buying by large investors. The total money flow for block trades stood at $2.14 million, which is a positive for the stock in the long-term. Synaptics Incorporated (SYNA) fell $0.49 during the day at $51.26, a drop of -0.95% over the previous days close. However, for the week, the stock is 1.75%, compared to the previous week.
Also, Equity Analysts at the Brokerage Firm, Mizuho Securities, downgrades their rating on the shares of Synaptics Incorporated (NASDAQ:SYNA). Mizuho Securities has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 29, 2016.
Synaptics Incorporated (NASDAQ:SYNA): The stock opened at $51.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $51.90 for the day. The stock traded down to $50.20 during the day, due to lack of any buying support eventually closed down at $51.71 with a loss of -0.08% for the day. The stock had closed at $51.75 on the previous day. The total traded volume was 685,456 shares.
The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 12.42%. In a related news,The director officer (President and CEO) of Synaptics Inc, Bergman Rick sold 10,000 shares at $67.39 on June 1, 2016. The Insider selling transaction had a total value worth of $673,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.