The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sysco Corp shares valued at $624,658 were purchased by Russell Neil on Jan 31 ’25. At $73.42 per share, Russell Neil acquired 8,508 shares.
Also, Bertrand Greg D sold 48,027 shares, netting a total of over 3,698,079 in proceeds. Following the sale of shares at $77.00 each, the insider now holds 56,304 shares.
Before that, Bertrand Greg D had added 48,027 shares to its account. In a trade valued at $3,698,079, the Officer bought Sysco Corp shares for $77.00 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 -0.72%. Over the course of the year, Sysco Corp shares have dropped approximately -6.62%. Shares of the company reached a 52-week high of $77.07 on 01/02/25 and a 52-week low of $70.56 on 02/05/25. A 50-day SMA is recorded $76.05, while a 200-day SMA reached $75.17. Nevertheless, trading volume fell to 3.98 million shares from 5.48 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 70.77, which, if violated, would cause prices to drop to 70.15. In the upper region, resistance lies at 71.81. The next price resistance is at 72.23. RSI (Relative Strength Index) is 37.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 87.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
