Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Synchrony Financial shares valued at $47,281 were purchased by Schaller Bart on Aug 01 ’24. At $50.84 per share, Schaller Bart acquired 930 shares.
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Also, Juel Carol purchased 443 shares, netting a total of over 22,522 in proceeds.
Before that, Nalluswami Maran had added 346 shares to its account. In a trade valued at $17,591, the Officer bought Synchrony Financial shares for $50.84 each.
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 -3.61%. Over the course of the year, Synchrony Financial shares have jumped approximately 27.15%. 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 $46.44, while a 200-day SMA reached $40.03. Nevertheless, trading volume fell to 5.34 million shares from 2.36 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 47.53, which, if violated, would cause prices to drop to 46.49. In the upper region, resistance lies at 50.29. The next price resistance is at 52.01. RSI (Relative Strength Index) is 48.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 92.36%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
