Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synchrony Financial shares valued at $2,220,253 were sold by MOTHNER JONATHAN S on Nov 15 ’24. At $64.99 per share, MOTHNER JONATHAN S sold 34,163 shares. The insider’s holdings dropped to 127,587 shares worth approximately $8.39 million following the completion of this transaction.
Also, MOTHNER JONATHAN S purchased 34,163 shares, netting a total of over 2,220,253 in proceeds.
Before that, Howse Curtis had sold 21,934 shares from its account. In a trade valued at $1,209,221, the insider traded Synchrony Financial shares for $55.13 each. Upon closing the transaction, the insider’s holdings decreased to 21,934 shares, worth approximately $6.56 million.
As published in a research note from Barclays on January 06, 2025, Synchrony Financial [SYF] has been rated up from an Equal weight to an Overweight and the price target has been revised to $79 from $59. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 09, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for SYF. Earlier on December 03, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for SYF stock which previously was a “an Equal weight”.
Analyzing SYF Stock Performance
During the last five days, there has been a surge of approximately 1.22%. Over the course of the year, Synchrony Financial shares have jumped approximately 1.22%. Shares of the company reached a 52-week high of $68.48 on 01/06/25 and a 52-week low of $64.55 on 01/02/25. A 50-day SMA is recorded $64.74, while a 200-day SMA reached $51.25. Nevertheless, trading volume fell to 2.73 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Synchrony Financial (SYF)
According to the 24-hour chart, there is a support level at 65.11, which, if violated, would cause prices to drop to 64.44. In the upper region, resistance lies at 66.41. The next price resistance is at 67.03. RSI (Relative Strength Index) is 50.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.95, which suggests the price will decrease in the coming days. Percent R is at 51.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
