Synchrony Financial’s recent filing unveils that its Officer Howse Curtis acquired Company’s shares for reported $1.21 million on Nov 01 ’24. In the deal valued at $55.13 per share,21,934 shares were bought.
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Then, Wenzel Brian J. Sr. sold 74,698 shares, generating $3,490,638 in total proceeds. Upon selling the shares at $46.73, the insider now owns 76,251 shares.
Before that, Wenzel Brian J. Sr. bought 74,698 shares. Synchrony Financial shares valued at $3,490,638 were divested by the Officer at a price of $46.73 per share.
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 fall -0.34% to $55.06. Over the last five days, the stock has lost -3.05%. Synchrony Financial shares have risen nearly 44.17% since the year began. Nevertheless, the stocks have risen 89.34% over the past one year. While a 52-week high of $57.37 was reached on 10/30/24, a 52-week low of $28.24 was recorded on 01/18/24. SMA at 50 days reached $51.29, while 200 days put it at $45.60.
Levels Of Support And Resistance For SYF Stock
The 24-hour chart illustrates a support level at 54.57, which if violated will result in even more drops to 54.08. On the upside, there is a resistance level at 55.40. A further resistance level may holdings at 55.73. The Relative Strength Index (RSI) on the 14-day chart is 56.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.75%. Stochastics %K at 44.55% 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 2024-10-15, dropping by -3.33 million shares to a total of 12.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 15.92 million shares. There was a decline of -26.47%, 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.
