Sysco Corp.’s recent filing unveils that its Officer Jasper James Chris acquired Company’s shares for reported $0.94 million on Sep 16 ’24. In the deal valued at $76.99 per share,12,248 shares were bought.
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Then, Jasper James Chris sold 4,000 shares, generating $321,640 in total proceeds. Upon selling the shares at $80.41, the SVP now owns 18,531 shares.
Before that, Russell Neil sold 1,722 shares. Sysco Corp. shares valued at $137,760 were divested by the SVP, Corp. Affairs and CAO at a price of $80.00 per share. As a result of the transaction, Russell Neil now holds 24,082 shares, worth roughly $1.82 million.
Guggenheim upgraded its Sysco Corp. [SYY] rating to a Buy from a a Neutral in a research note published recently. Deutsche Bank began covering SYY with “Buy” recommendation on October 19, 2023.
Price Performance Review of SYY
On Tuesday, Sysco Corp. [NYSE:SYY] saw its stock jump 0.45% to $75.56. Over the last five days, the stock has gained 0.32%. Sysco Corp. shares have risen nearly 3.32% since the year began. Nevertheless, the stocks have risen 19.44% over the past one year. While a 52-week high of $82.89 was reached on 02/02/24, a 52-week low of $63.18 was recorded on 07/10/24. SMA at 50 days reached $76.49, while 200 days put it at $76.15.
Levels Of Support And Resistance For SYY Stock
The 24-hour chart illustrates a support level at 75.17, which if violated will result in even more drops to 74.77. On the upside, there is a resistance level at 76.25. A further resistance level may holdings at 76.93. The Relative Strength Index (RSI) on the 14-day chart is 47.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.09%. Stochastics %K at 32.47% indicates the stock is a holding.
How much short interest is there in Sysco Corp.?
A steep rise in short interest was recorded in Sysco Corp. stocks on 2024-09-30, growing by 4.16 million shares to a total of 16.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.3 million shares. There was a rise of 25.28%, which implies that there is a positive sentiment for the stock.
