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. Synchrony Financial shares valued at $1,420,290 were sold by Howse Curtis on May 02 ’24. At $45.00 per share, Howse Curtis sold 31,562 shares. The insider’s holdings dropped to 121,042 shares worth approximately $6.1 million following the completion of this transaction.
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Also, Schaller Bart sold 61,781 shares, netting a total of over 2,645,462 in proceeds. Following the sale of shares at $42.82 each, the insider now holds 50,757 shares.
Before that, Howse Curtis had sold 6,179 shares from its account. In a trade valued at $264,585, the insider traded Synchrony Financial shares for $42.82 each. Upon closing the transaction, the insider’s holdings decreased to 6,179 shares, worth approximately $7.69 million.
As published in their initiating research note from Compass Point on July 16, 2024, Synchrony Financial [SYF] has been a Buy and the price target has been revised to $56. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. As of June 07, 2024, BTIG Research has initiated its “Buy” rating for SYF. Earlier on May 02, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for SYF stock which previously was a “a Mkt perform”.
Analyzing SYF Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Synchrony Financial shares have jumped approximately 31.92%. Shares of the company reached a 52-week high of $52.67 on 07/17/24 and a 52-week low of $35.29 on 01/18/24. A 50-day SMA is recorded $45.83, while a 200-day SMA reached $39.51. Nevertheless, trading volume fell to 2.59 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for Synchrony Financial (SYF)
According to the 24-hour chart, there is a support level at 49.55, which, if violated, would cause prices to drop to 48.72. In the upper region, resistance lies at 51.22. The next price resistance is at 52.06. RSI (Relative Strength Index) is 60.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 41.86%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
