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Analyzing Sysco Corp. (SYY) After Recent Trading Activity

In a filing, Sysco Corp. revealed 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 $1.43 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 $0.99 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 0.19% to $77.22. Over the last five days, the stock has lost -0.13%. Sysco Corp. shares have risen nearly 5.59% since the year began. Nevertheless, the stocks have risen 2.85% 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 $79.08, while 200 days put it at $73.54. A total of 3.1 million shares were traded, compared to the trading of 2.07 million shares in the previous session.

Levels Of Support And Resistance For SYY Stock

The 24-hour chart illustrates a support level at 76.78, which if violated will result in even more drops to 76.33. On the upside, there is a resistance level at 77.79. A further resistance level may holdings at 78.35. The Relative Strength Index (RSI) on the 14-day chart is 46.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.19%. Stochastics %K at 74.77% indicates the stock is a holding.

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.

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