Synchrony Financial’s recent filing unveils 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 $8.41 million.
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 $6.58 million.
Morgan Stanley upgraded its Synchrony Financial [SYF] rating to an Overweight from a an Underweight in a research note published on December 19, 2024; the price target was increased to $82 from $40. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Overweight”. Wells Fargo also remained covering SYF and has increased its forecast on December 03, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BTIG Research revised its rating on September 16, 2024. It rated SYF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SYF
On Friday, Synchrony Financial [NYSE:SYF] saw its stock fall -1.33% to $65.92. Over the last five days, the stock has gained 2.57%. Synchrony Financial shares have risen nearly 72.61% since the year began. Nevertheless, the stocks have risen 71.89% over the past one year. While a 52-week high of $69.39 was reached on 12/09/24, a 52-week low of $35.29 was recorded on 01/18/24. SMA at 50 days reached $63.29, while 200 days put it at $50.42.
Levels Of Support And Resistance For SYF Stock
The 24-hour chart illustrates a support level at 65.30, which if violated will result in even more drops to 64.68. On the upside, there is a resistance level at 66.68. A further resistance level may holdings at 67.44. The Relative Strength Index (RSI) on the 14-day chart is 51.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.21%. Stochastics %K at 52.39% 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 2024-12-13, dropping by -2.6 million shares to a total of 11.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.32 million shares. There was a decline of -22.2%, which implies that there is a negative sentiment for the stock.
