Seeking Alpha

Synovus sets 1:7 reverse stock split

  • 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
  • Source: Press Release
This was corrected on 04/25/2014 at 09:01 AM.
Comments (12)
  • pwt750
    , contributor
    Comments (71) | Send Message
     
    Synovus ticker symbol is NOT "SYN".
    25 Apr 2014, 08:39 AM Reply Like
  • gsterling
    , contributor
    Comments (699) | Send Message
     
    $SNV
    25 Apr 2014, 08:40 AM Reply Like
  • pwt750
    , contributor
    Comments (71) | Send Message
     
    pull your mistaken tweet SEEKING ALPO
    25 Apr 2014, 08:52 AM Reply Like
  • Daniel Reidler
    , contributor
    Comments (11) | Send Message
     
    Thank you for your comment. We have removed the erroneous tweet.

     

    We are sorry for the mistake.

     

    Best regards,

     

    Daniel
    27 Apr 2014, 04:26 AM Reply Like
  • keiithc71
    , contributor
    Comments (94) | Send Message
     
    u r sofa king we todded
    25 Apr 2014, 09:03 AM Reply Like
  • ftwitty
    , contributor
    Comments (47) | Send Message
     
    So alerts go out to all those interested in SYN -- PM sell off on UNRELATED stock already started! Great. Please sent out CORRECTED alert to those receiving e-mails. Thanks.
    25 Apr 2014, 09:05 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    I apologize for originally including the mistaken symbol in this post. It has been corrected and a new alert was sent out to Synthetic Biologics subscribers.
    25 Apr 2014, 09:11 AM Reply Like
  • ftwitty
    , contributor
    Comments (47) | Send Message
     
    I have yet to see any new alert come through on Synthetic Biologics. Market has been open over an hour now and SYN is getting hit hard. This could be, at least in part, due to your mistake. Please get a new alert out, as you said you would. Thank you.
    25 Apr 2014, 10:53 AM Reply Like
  • ftwitty
    , contributor
    Comments (47) | Send Message
     
    Thank you!!!!
    25 Apr 2014, 09:36 AM Reply Like
  • ramlan61
    , contributor
    Comments (3) | Send Message
     
    You have the wrong ticker symbol. Synovus is SNV not SYN
    25 Apr 2014, 09:54 AM Reply Like
  • bobbysalpha
    , contributor
    Comments (6) | Send Message
     
    Lot's of comments about the ticker but---does anyone think the reverse split will help? I think they should leave it alone.
    25 Apr 2014, 12:13 PM Reply Like
  • funfun
    , contributor
    Comments (2784) | Send Message
     
    Yes, a favourable development for long-time Synovus shareholders, who have seen this stock languish in the past half-year. The heightened price may attract a bit more institutional interest and take away some of the taint that two and three-buck stocks seem to have.

     

    …funfun..
    25 Apr 2014, 04:07 PM Reply Like
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