Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sysco Corp shares valued at $3,698,079 were sold by Bertrand Greg D on Jan 02 ’25. At $77.00 per share, Bertrand Greg D sold 48,027 shares. The insider’s holdings dropped to 56,304 shares worth approximately $4.21 million following the completion of this transaction.
Also, Bertrand Greg D purchased 48,027 shares, netting a total of over 3,698,079 in proceeds.
Before that, McFadden Eve M had sold 6,499 shares from its account. In a trade valued at $519,920, the SVP, GC & Corp Sec traded Sysco Corp shares for $80.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,499 shares, worth approximately $3.63 million.
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 -2.11%. Over the course of the year, Sysco Corp shares have dropped approximately -2.11%. Shares of the company reached a 52-week high of $77.07 on 01/02/25 and a 52-week low of $73.64 on 01/08/25. A 50-day SMA is recorded $76.90, while a 200-day SMA reached $75.59. Nevertheless, trading volume fell to 1.98 million shares from 1.89 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 74.04, which, if violated, would cause prices to drop to 73.23. In the upper region, resistance lies at 75.27. The next price resistance is at 75.69. RSI (Relative Strength Index) is 36.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.53, which suggests the price will decrease in the coming days. Percent R is at 75.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
