Sysco Corp.’s recently made public that its SVP Jasper James Chris unloaded Company’s shares for reported $0.32 million on Mar 14 ’24. In the deal valued at $80.41 per share,4,000 shares were sold. As a result of this transaction, Jasper James Chris now holds 18,531 shares worth roughly $1.4 million.
Then, Russell Neil sold 1,722 shares, generating $137,760 in total proceeds. Upon selling the shares at $80.00, the SVP, Corp. Affairs and CAO now owns 24,082 shares.
Before that, Talton Sheila sold 2,200 shares. Sysco Corp. shares valued at $157,872 were divested by the Director at a price of $71.76 per share. As a result of the transaction, Talton Sheila now holds 12,782 shares, worth roughly $0.97 million.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Argus revised its rating on February 02, 2023. It rated SYY as “a Hold” which previously was an “a Buy”.
Price Performance Review of SYY
On Monday, Sysco Corp. [NYSE:SYY] saw its stock jump 0.53% to $75.65. Over the last five days, the stock has lost -1.42%. Sysco Corp. shares have risen nearly 3.45% since the year began. Nevertheless, the stocks have risen 1.33% over the past one year. While a 52-week high of $82.89 was reached on 02/02/24, a 52-week low of $62.24 was recorded on 01/02/24. SMA at 50 days reached $79.73, while 200 days put it at $73.41. A total of 2.11 million shares were traded, compared to the trading of 2.03 million shares in the previous session.
Levels Of Support And Resistance For SYY Stock
The 24-hour chart illustrates a support level at 75.19, which if violated will result in even more drops to 74.73. On the upside, there is a resistance level at 76.11. A further resistance level may holdings at 76.57. The Relative Strength Index (RSI) on the 14-day chart is 31.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.78%. Stochastics %K at 8.02% indicates the stock is a buying.
The most recent change occurred on September 23, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $90 price target.
