Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sysco Corp shares valued at $3,591 were purchased by Russell Neil on Feb 13 ’25. At $71.81 per share, Russell Neil acquired 50 shares.
Also, Russell Neil purchased 8,508 shares, netting a total of over 624,658 in proceeds.
Before that, Bertrand Greg D had sold 48,027 shares from its account. In a trade valued at $3,698,079, the EVP traded Sysco Corp shares for $77.00 each. Upon closing the transaction, the insider’s holdings decreased to 48,027 shares, worth approximately $4.05 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 surge of approximately 0.86%. Over the course of the year, Sysco Corp shares have dropped approximately -6.00%. Shares of the company reached a 52-week high of $77.07 on 01/02/25 and a 52-week low of $69.92 on 02/13/25. A 50-day SMA is recorded $75.40, while a 200-day SMA reached $74.98. Nevertheless, trading volume fell to 3.09 million shares from 2.55 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 70.56, which, if violated, would cause prices to drop to 69.25. In the upper region, resistance lies at 72.54. The next price resistance is at 73.20. RSI (Relative Strength Index) is 44.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 72.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
