Syntel (SYNT) Shares are Up 1.48%

Syntel (SYNT) has been under a strong bear grip, hence the stock is down -4.26% 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 1.31% in the past 1 week. The stock has risen by 1.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.77% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.68% and the 50-Day Moving Average is 5.61%.The 200 Day SMA reached 7.37%

Syntel

Syntel (NASDAQ:SYNT): After opening at $41.58, the stock dipped to an intraday low of $41.3 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.07 and the buying power remained strong till the end. The stock closed at $41.91 for the day, a gain of 1.06% for the day session. The total traded volume was 788,237. The stocks close on the previous trading day was $41.91.

Syntel (SYNT) : Currently there are 7 street experts covering Syntel (SYNT) stock. The most bullish and bearish price target for the stock is $52 and $43 respectively for the short term. The average price target of all the analysts comes to $47.71. The estimated standard deviation from the target is $3.77.

Syntel, Inc. (Syntel) is a provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. Syntel operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Retail, Logistics and Telecom, and Manufacturing. The Banking and Financial Services segment serves financial institutions around the world. The Healthcare and Life Sciences segment serves various companies in the healthcare industry. The Insurance segment serves property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers. The Retail, Logistics and Telecom segment serves a range of retailers and distributors, and clients in the logistics and telecom industry. The Manufacturing segment provides business consulting and technology services for industrial and automotive clients. The Company offers its products and services under the Syntel brand.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.