Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synchrony Financial shares valued at $3,490,638 were sold by Wenzel Brian J. Sr. on Aug 19 ’24. At $46.73 per share, Wenzel Brian J. Sr. sold 74,698 shares. The insider’s holdings dropped to 76,251 shares worth approximately $3.73 million following the completion of this transaction.
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Also, Wenzel Brian J. Sr. purchased 74,698 shares, netting a total of over 3,490,638 in proceeds.
Before that, Schaller Bart had sold 930 shares from its account. In a trade valued at $47,281, the insider traded Synchrony Financial shares for $50.84 each. Upon closing the transaction, the insider’s holdings decreased to 930 shares, worth approximately $2.41 million.
As published in a research note from BTIG Research on September 16, 2024, Synchrony Financial [SYF] has been rated down from a Buy to a Neutral. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 16, 2024, Compass Point has initiated its “Buy” rating for SYF. Earlier on June 28, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for SYF stock.
Analyzing SYF Stock Performance
During the last five days, there has been a surge of approximately 6.65%. Over the course of the year, Synchrony Financial shares have jumped approximately 28.02%. 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 $48.27, while a 200-day SMA reached $42.98. Nevertheless, trading volume fell to 4.0 million shares from 3.02 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 48.28, which, if violated, would cause prices to drop to 47.68. In the upper region, resistance lies at 49.57. The next price resistance is at 50.26. RSI (Relative Strength Index) is 55.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 25.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
