Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synchrony Financial shares valued at $47,281 were sold by Schaller Bart on Aug 01 ’24. At $50.84 per share, Schaller Bart sold 930 shares. The insider’s holdings dropped to 49,390 shares worth approximately $2.27 million following the completion of this transaction.
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Also, Juel Carol sold 443 shares, netting a total of over 22,522 in proceeds. Following the sale of shares at $50.84 each, the insider now holds 66,259 shares.
Before that, Schaller Bart had added 930 shares to its account. In a trade valued at $47,281, the Officer bought Synchrony Financial shares for $50.84 each.
As published in a research note from BofA Securities on August 09, 2024, Synchrony Financial [SYF] has been rated up from a Neutral to a Buy and the price target has been revised to $54. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of June 28, 2024, Robert W. Baird has initiated its “an Outperform” rating for SYF. Earlier on June 07, 2024, BTIG Research initiated its rating. Their recommendation was “a Buy” for SYF stock.
Analyzing SYF Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Synchrony Financial shares have jumped approximately 20.16%. 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 $46.85, while a 200-day SMA reached $40.86. Nevertheless, trading volume fell to 5.08 million shares from 3.3 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 45.22, which, if violated, would cause prices to drop to 44.56. In the upper region, resistance lies at 47.15. The next price resistance is at 48.41. RSI (Relative Strength Index) is 44.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 58.94%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
