Thursday, November 12, 2009

Synovus Insider Buys

Interesting note from Investopeida on the insider buys at SNV. Whats even more interesting is that the stock has been crushed. Insiders evidently saw the Q3 write offs as a peak while outsiders saw fear of more of the same in the future. We're still sticking with the insider for now. After all the yield curve is on their side.

Synchronized Buying
Synovus Financial Corp. (NYSE:SNV) saw some very active buying in the last week by the company's CFO and one director, and steady buying from seven separate corporate insiders since September 22. The total number of shares purchased over that period was 162,500 with an average cost of roughly $3.00, for a total of approximately $488,000.

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