Synchrony Financial’s filing revealed that its insider Wenzel Brian J. Sr. unloaded Company’s shares for reported $3.49 million on Aug 19 ’24. In the deal valued at $46.73 per share,74,698 shares were sold. As a result of this transaction, Wenzel Brian J. Sr. now holds 76,251 shares worth roughly $-4.09 million.
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Then, Wenzel Brian J. Sr. bought 74,698 shares, generating $3,490,638 in total proceeds.
Before that, Schaller Bart sold 930 shares. Synchrony Financial shares valued at $47,281 were divested by the insider at a price of $50.84 per share. As a result of the transaction, Schaller Bart now holds 49,390 shares, worth roughly $2.65 million.
BTIG Research downgraded its Synchrony Financial [SYF] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Compass Point began covering SYF with “Buy” recommendation on July 16, 2024. Robert W. Baird started covering the stock on June 28, 2024. It rated SYF as “an Outperform”.
Price Performance Review of SYF
On Monday, Synchrony Financial [NYSE:SYF] saw its stock jump 1.02% to $53.69. Over the last five days, the stock has gained 4.11%. Synchrony Financial shares have risen nearly 40.59% since the year began. Nevertheless, the stocks have risen 82.43% over the past one year. While a 52-week high of $53.30 was reached on 10/14/24, a 52-week low of $27.30 was recorded on 01/18/24. SMA at 50 days reached $48.46, while 200 days put it at $44.26.
Levels Of Support And Resistance For SYF Stock
The 24-hour chart illustrates a support level at 52.90, which if violated will result in even more drops to 52.12. On the upside, there is a resistance level at 54.20. A further resistance level may holdings at 54.71. The Relative Strength Index (RSI) on the 14-day chart is 67.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.82%. Stochastics %K at 92.82% indicates the stock is a selling.
How much short interest is there in Synchrony Financial?
A steep rise in short interest was recorded in Synchrony Financial stocks on 2024-09-30, dropping by -0.86 million shares to a total of 13.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.0 million shares. There was a decline of -6.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 07, 2024 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
