Large Outflow of Money Witnessed in Synovus Financial

Synovus Financial (NYSE:SNV) traded higher in the last at $29.49, gaining 0.1 points or 0.34%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-4.68) million. The composite uptick value of $2.63 million was eclipsed by the accrued downtick value of $7.31 million, thereby ensuring the up/down ratio of 0.36. For the week, the shares have posted returns of -4.62%.A block trade registered during the day has revealed $0 million in upticks and $4.7 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-4.7) million.

Synovus Financial Corporation has lost 4.08% in the last five trading days and dropped 5.76% in the last 4 weeks. Synovus Financial Corporation is up 1.32% in the last 3-month period. Year-to-Date the stock performance stands at -8.03%.

Currently the company Insiders own 1.3% of Synovus Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.69% . Institutional Investors own 77.42% of Synovus Financial shares. During last six month period, the net percent change held by insiders has seen a change of -1.62%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP/Chief Banking Officer) of Synovus Financial Corp, Copeland R Dallis Jr had sold 8,000 shares worth of $240,800 in a transaction dated May 17, 2016. In this transaction, 8,000 shares were sold at $30.1 per share.

Synovus Financial (NYSE:SNV) rose 0.51% or 0.15 points on Friday and made its way into the gainers of the day. After trading began at $29.38 the stock was seen hitting $29.71 as a peak level and $29.27 as the lowest level. The stock ended up at $29.54. The daily volume was measured at 2,237,614 shares. The 52-week high of the share price is $33.8 and the 52-week low is $25.48. The company has a market cap of $3,707 million.

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.

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