Synchrony Financial’s recently made public that its insider Schaller Bart unloaded Company’s shares for reported $2.65 million on Mar 15 ’24. In the deal valued at $42.82 per share,61,781 shares were sold. As a result of this transaction, Schaller Bart now holds 50,757 shares worth roughly $2.31 million.
Then, Howse Curtis sold 6,179 shares, generating $264,585 in total proceeds. Upon selling the shares at $42.82, the insider now owns 152,604 shares.
Before that, DOUBLES BRIAN D sold 134,696 shares. Synchrony Financial shares valued at $5,557,213 were divested by the insider at a price of $41.26 per share. As a result of the transaction, DOUBLES BRIAN D now holds 660,353 shares, worth roughly $30.11 million.
Keefe Bruyette upgraded its Synchrony Financial [SYF] rating to an Outperform from a a Mkt perform in a research note published on May 02, 2024; the price target was increased to $62 from $45. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early April from “an Underperform” to “an Outperform”. Deutsche Bank started covering the stock on January 10, 2024. It rated SYF as “a Buy”.
Price Performance Review of SYF
On Friday, Synchrony Financial [NYSE:SYF] saw its stock jump 0.77% to $45.60. Over the last five days, the stock has gained 2.08%. Synchrony Financial shares have risen nearly 19.40% since the year began. Nevertheless, the stocks have risen 64.56% over the past one year. While a 52-week high of $45.46 was reached on 05/03/24, a 52-week low of $26.59 was recorded on 01/18/24. SMA at 50 days reached $42.09, while 200 days put it at $35.81. A total of 3.48 million shares were traded, compared to the trading of 5.76 million shares in the previous session.
Levels Of Support And Resistance For SYF Stock
The 24-hour chart illustrates a support level at 45.30, which if violated will result in even more drops to 44.99. On the upside, there is a resistance level at 45.91. A further resistance level may holdings at 46.21. The Relative Strength Index (RSI) on the 14-day chart is 67.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.97%. Stochastics %K at 88.50% indicates the stock is a selling.
