Sysco Corp’s recently made public that its SVP, GC & Corp Sec McFadden Eve M unloaded Company’s shares for reported $0.52 million on Dec 04 ’24. In the deal valued at $80.00 per share,6,499 shares were sold. As a result of this transaction, McFadden Eve M now holds 48,451 shares worth roughly $3.73 million.
Then, Bertrand Greg D sold 21,844 shares, generating $1,747,520 in total proceeds. Upon selling the shares at $80.00, the EVP now owns 60,581 shares.
Before that, Bertrand Greg D bought 21,844 shares. Sysco Corp shares valued at $1,747,520 were divested by the Officer at a price of $80.00 per share.
Melius initiated its Sysco Corp [SYY] rating to a Hold in a research note published on December 18, 2024; the price target was $85. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Deutsche Bank started covering the stock on October 19, 2023. It rated SYY as “a Buy”.
Price Performance Review of SYY
On Friday, Sysco Corp [NYSE:SYY] saw its stock fall -0.47% to $76.95. Over the last five days, the stock has gained 0.52%. Sysco Corp shares have risen nearly 5.22% since the year began. Nevertheless, the stocks have risen 5.37% over the past one year. While a 52-week high of $82.89 was reached on 02/02/24, a 52-week low of $69.03 was recorded on 07/10/24. SMA at 50 days reached $76.81, while 200 days put it at $75.79.
Levels Of Support And Resistance For SYY Stock
The 24-hour chart illustrates a support level at 76.49, which if violated will result in even more drops to 76.04. On the upside, there is a resistance level at 77.49. A further resistance level may holdings at 78.03. The Relative Strength Index (RSI) on the 14-day chart is 45.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.85%. Stochastics %K at 23.02% 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 2024-12-13, growing by 2.3 million shares to a total of 14.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.35 million shares. There was a rise of 15.7%, which implies that there is a positive sentiment for the stock.
