Synovus (SNV) Surges 11.9%: Is This an Indication of Further Gains?

Synovus Financial (SNV) shares rallied 11.9% in the last trading session to close at $42.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.7% loss over the past four weeks.Synovus witnessed a strong price increase driven by President Donald Trump's unanticipated announcement on April 9, 2025, of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China. The tariff pause eased i ...