The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sysco Corp. shares valued at $321,640 were sold by Jasper James Chris on Mar 14 ’24. At $80.41 per share, Jasper James Chris sold 4,000 shares. The insider’s holdings dropped to 18,531 shares worth approximately $1.35 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Russell Neil sold 1,722 shares, netting a total of over 137,760 in proceeds. Following the sale of shares at $80.00 each, the insider now holds 24,082 shares.
Before that, Talton Sheila had sold 2,200 shares from its account. In a trade valued at $157,872, the Director traded Sysco Corp. shares for $71.76 each. Upon closing the transaction, the insider’s holdings decreased to 2,200 shares, worth approximately $0.93 million.
As published in a research note from Guggenheim on May 28, 2024, Sysco Corp. [SYY] has been rated up from a Neutral to a Buy and the price target has been revised to $85. As of October 19, 2023, Deutsche Bank has initiated its “Buy” rating for SYY.
Analyzing SYY Stock Performance
During the last five days, there has been a surge of approximately 1.41%. Over the course of the year, Sysco Corp. shares have dropped approximately -0.64%. Shares of the company reached a 52-week high of $82.89 on 02/02/24 and a 52-week low of $71.25 on 05/31/24. A 50-day SMA is recorded $75.69, while a 200-day SMA reached $73.59. Nevertheless, trading volume fell to 2.75 million shares from 3.22 million shares the previous day.
Support And Resistance Levels for Sysco Corp. (SYY)
According to the 24-hour chart, there is a support level at 72.10, which, if violated, would cause prices to drop to 71.54. In the upper region, resistance lies at 73.05. The next price resistance is at 73.43. RSI (Relative Strength Index) is 40.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 72.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
