Synovus Financial (SNV) has been under a strong bear grip, hence the stock is down -2.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.14% in the past 1 week. The stock has risen by 0.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.92% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 2.1%.The 200 Day SMA reached 8.17%
Synovus Financial (NYSE:SNV): After opening at $32.27, the stock dipped to an intraday low of $32 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $32.71 and the buying power remained strong till the end. The stock closed at $32.53 for the day, a gain of 1.72% for the day session. The total traded volume was 927,253. The stocks close on the previous trading day was $32.53.
Synovus Financial (SNV) : The highest short term price target forecast on Synovus Financial (SNV) is $37 and the lowest target price is $29. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $32.58 with a standard deviation of $2.38.
Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services. The Companys commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans.