Synovus sets 1:7 reverse stock split

|About: Synovus Financial Corp. (SNV)|By:, SA News Editor

Synovus (SNV) expects the split to take effect on May 16, and for shares to begin trading on a post-split basis on May 19.

The stock price of the bank has been stuck in the $3 range ever since the financial crisis, and management hopes the boosted price will put the shares on the radar of a broader range of investors.

Shares -2.7% premarket

This was corrected on 04/25/2014 at 09:01 AM. The symbol for Synovus was mistakenly posted originally as "SYN"