Synchrony Financial’s filing revealed that its insider MOTHNER JONATHAN S unloaded Company’s shares for reported $2.22 million on Nov 15 ’24. In the deal valued at $64.99 per share,34,163 shares were sold. As a result of this transaction, MOTHNER JONATHAN S now holds 127,587 shares worth roughly $8.55 million.
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Then, MOTHNER JONATHAN S bought 34,163 shares, generating $2,220,253 in total proceeds.
Before that, Howse Curtis sold 21,934 shares. Synchrony Financial shares valued at $1,209,221 were divested by the insider at a price of $55.13 per share. As a result of the transaction, Howse Curtis now holds 99,743 shares, worth roughly $6.69 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 1.59% to $67.04. Over the last five days, the stock has gained 4.67%. Synchrony Financial shares have risen nearly 75.54% since the year began. Nevertheless, the stocks have risen 124.74% over the past one year. While a 52-week high of $67.76 was reached on 11/06/24, a 52-week low of $29.15 was recorded on 01/18/24. SMA at 50 days reached $56.21, while 200 days put it at $47.54.
Levels Of Support And Resistance For SYF Stock
The 24-hour chart illustrates a support level at 66.35, which if violated will result in even more drops to 65.66. On the upside, there is a resistance level at 67.66. A further resistance level may holdings at 68.28. The Relative Strength Index (RSI) on the 14-day chart is 71.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.19%. Stochastics %K at 84.39% 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 2024-10-31, dropping by -2.4 million shares to a total of 10.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.14 million shares. There was a decline of -22.33%, 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.
