In trading on Tuesday, shares of Synovus Financial Corp (Symbol: SNV) touched a new 52-week high of $48.21/share. That's a 97.58% rise, or $23.81 per share from the 52-week low of $24.40 set back on 10/25/2023. That means at today's intraday high, any investor who purchased SNV stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, SNV has seen 2 different instances of insiders buying over the trailing six month period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/21/2024 | Andrew J. Gregory Jr. | EVP & Chief Financial Officer | 28,000 | $40.02 | $1,120,700.00 |
| 06/07/2024 | D. Wayne Akins Jr. | EVP, Chief Comm Banking Off. | 24,500 | $37.40 | $916,300.00 |
The chart below shows where SNV has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Tuesday, SNV shares are changing hands at $48.23/share, slightly below the new 52-week high.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
Also see:
Top Ten Hedge Funds Holding AGFY
BBLG shares outstanding history
Top Ten Hedge Funds Holding NDIV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
