Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sysco Corp shares valued at $519,920 were sold by McFadden Eve M on Dec 04 ’24. At $80.00 per share, McFadden Eve M sold 6,499 shares. The insider’s holdings dropped to 48,451 shares worth approximately $3.76 million following the completion of this transaction.
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Also, Bertrand Greg D sold 21,844 shares, netting a total of over 1,747,520 in proceeds. Following the sale of shares at $80.00 each, the insider now holds 60,581 shares.
Before that, Bertrand Greg D had added 21,844 shares to its account. In a trade valued at $1,747,520, the Officer bought Sysco Corp shares for $80.00 each.
As published in their initiating research note from Melius on December 18, 2024, Sysco Corp [SYY] has been a Hold and the price target has been revised to $85. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. Earlier on October 19, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for SYY stock.
Analyzing SYY Stock Performance
During the last five days, there has been a drop of approximately -0.64%. Over the course of the year, Sysco Corp shares have jumped approximately 6.02%. Shares of the company reached a 52-week high of $82.89 on 02/02/24 and a 52-week low of $69.03 on 07/10/24. A 50-day SMA is recorded $76.75, while a 200-day SMA reached $75.82. Nevertheless, trading volume fell to 0.9 million shares from 2.49 million shares the previous day.
Support And Resistance Levels for Sysco Corp (SYY)
According to the 24-hour chart, there is a support level at 76.87, which, if violated, would cause prices to drop to 76.22. In the upper region, resistance lies at 77.87. The next price resistance is at 78.22. RSI (Relative Strength Index) is 48.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 73.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
