Sysco Corporation (SYY) may enjoy gains as insiders got busy in the recent days


Sysco Corporation’s filing revealed that its Director Talton Sheila unloaded Company’s shares for reported $0.19 million on Feb 02. In the deal valued at $77.24 per share,2,469 shares were sold. As a result of this transaction, Talton Sheila now holds 11,877 shares worth roughly $ 0.88 million.

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Then, Bertrand Greg D sold 12,000 shares, generating $1,020,000 in total proceeds. Upon selling the shares at $85.00, the EVP now owns 40,931 shares.

Before that, Hourican Kevin sold 75,019 shares. Sysco Corporation shares valued at $6,093,043 were divested by the President and CEO at a price of $81.22 per share. As a result of the transaction, Hourican Kevin now holds 303,643 shares, worth roughly $22.42 million.

PT values the company’s stock at a premium of 17.94 to its Monday closing price. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Stephens began covering SYY with “an Overweight” recommendation on September 23, 2022. JP Morgan revised its rating on May 26, 2022. It rated SYY as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of SYY

On Monday, Sysco Corporation [NYSE:SYY] saw its stock jump 0.98% to $73.85. On the same session, the stock had its day’s lowest price of $72.0158, but rose to a high of $74.26. Over the last five days, the stock has lost -3.27%. Sysco Corporation shares have fallen nearly -3.40% since the year began. Nevertheless, the stocks have fallen -7.66% over the past one year. While a 52-week high of $91.53 was reached on 01/24/23, a 52-week low of $70.61 was recorded on 03/13/23. SMA at 50 days reached $77.18, while 200 days put it at $80.96. A total of 2.63 million shares were traded, compared to the trading of 1.8 million shares in the previous session.

Levels Of Support And Resistance For SYY Stock

The 24-hour chart illustrates a support level at 72.49, which if violated will result in even more drops to 71.13. On the upside, there is a resistance level at 74.73. A further resistance level may holdings at 75.62. The Relative Strength Index (RSI) on the 14-day chart is 37.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been 70.00 at 70.00%. Stochastics %K at 16.02% indicates the stock is a buying.

How much short interest is there in Sysco Corporation?

A steep rise in short interest was recorded in Sysco Corporation stocks on Jan 12, 2023, growing by 0.25 million shares to a total of 12.75 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 12.5 million shares. There was a rise of 1.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.51.

Sysco Corporation [SYY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 45,385,765 shares, or roughly 8.94% of the outstanding SYY shares. In other words, the investor’s shares have risen by 401,006 from its previous 13-F filing of 44984759.0. Additionally, Wellington Management Co. LLP decreased -3.27% of its stake after which the total value it holdings stand at $2,321,230,918, while SSgA Funds Management, Inc. added 3.52% of its stake to hold $1.84 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 590,680 shares of Sysco Corporation, while Parnassus Investments LLC bought 7,723,075 shares. At present, JPMorgan Investment Management, I is holding 11,728,477 shares valued at $874.59 million. Aristotle Capital Management LLC owned 11,444,739 shares of the company at the time of its most recent 13F filing, worth $853.43 million.

The most recent change occurred on March 11, 2022 when CL King began covering the stock and recommended ‘”a Neutral”‘ rating.


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