Shares of Synaptics Incorporated (SYNA) Sees Large Outflow of Money

Synaptics Incorporated (SYNA) : The total money flow in Synaptics Incorporated (SYNA) was negative ($3.36 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $22.84 million. In comparison, the inflow of money into the stock on upticks was $19.48 million. The uptick to downtick ratio was 0.85. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.85 million. The negative money flow of ($2.85 million) confirms the selling in Synaptics Incorporated (SYNA) on strength. Synaptics Incorporated (SYNA) gained $1.88 at $60.15, a gain of 3.23% over the previous days close. However, the stock registered 8.18% in the week.


Shares of Synaptics Inc. rose by 9.2% in the last five trading days and 5.16% for the last 4 weeks. Synaptics Inc. has dropped 11.09% during the last 3-month period . Year-to-Date the stock performance stands at -25.13%.

Synaptics Incorporated (NASDAQ:SYNA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.59 and $58.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.15, notching a gain of 3.23% for the day. The total traded volume was 1,256,203 . The stock had closed at $58.27 on the previous day.

In a related news,The director officer (President and CEO) of Synaptics Inc, Bergman Rick sold 10,000 shares at $56.07 on August 12, 2016. The Insider selling transaction had a total value worth of $560,700. 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.

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