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Synchrony Financial [SYF] Insider Activity: An Update for Investors

Synchrony Financial’s filing revealed that its Officer Schaller Bart acquired Company’s shares for reported $47281.0 on Aug 01 ’24. In the deal valued at $50.84 per share,930 shares were bought.

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Then, Juel Carol bought 443 shares, generating $22,522 in total proceeds.

Before that, Nalluswami Maran bought 346 shares. Synchrony Financial shares valued at $17,591 were divested by the Officer at a price of $50.84 per share.

BofA Securities upgraded its Synchrony Financial [SYF] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Robert W. Baird began covering SYF with “an Outperform” recommendation on June 28, 2024. BTIG Research started covering the stock on June 07, 2024. It rated SYF as “a Buy”.

Price Performance Review of SYF

On Monday, Synchrony Financial [NYSE:SYF] saw its stock fall -1.98% to $45.65. Over the last five days, the stock has gained 4.30%. Synchrony Financial shares have risen nearly 19.53% since the year began. Nevertheless, the stocks have risen 32.70% over the past one year. While a 52-week high of $52.67 was reached on 07/17/24, a 52-week low of $27.30 was recorded on 01/18/24. SMA at 50 days reached $46.69, while 200 days put it at $40.59.

Levels Of Support And Resistance For SYF Stock

The 24-hour chart illustrates a support level at 45.07, which if violated will result in even more drops to 44.48. On the upside, there is a resistance level at 46.58. A further resistance level may holdings at 47.51. The Relative Strength Index (RSI) on the 14-day chart is 42.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.47%. Stochastics%K at 42.15% indicates the stock is a holding.

How much short interest is there in Synchrony Financial?

A steep rise in short interest was recorded in Synchrony Financial stocks on , dropping by -5.7 million shares to a total of 11.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 17.1 million shares. There was a decline of -49.97%, which implies that there is a negative sentiment for the stock.

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