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. Synchrony Financial shares valued at $8,938,696 were sold by DOUBLES BRIAN D on Feb 28 ’25. At $60.09 per share, DOUBLES BRIAN D sold 148,747 shares. The insider’s holdings dropped to 677,421 shares worth approximately $36.68 million following the completion of this transaction.
Also, Casellas Alberto sold 58,026 shares, netting a total of over 3,482,140 in proceeds. Following the sale of shares at $60.01 each, the insider now holds 56,462 shares.
Before that, Wenzel Brian J. Sr. had sold 62,702 shares from its account. In a trade valued at $3,762,747, the insider traded Synchrony Financial shares for $60.01 each. Upon closing the transaction, the insider’s holdings decreased to 62,702 shares, worth approximately $3.7 million.
As published in a research note from Compass Point on January 28, 2025, Synchrony Financial [SYF] has been rated down from a Buy to a Neutral and the price target has been revised to $70. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 19, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Overweight” for SYF. Earlier on December 09, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for SYF stock which previously was a “a Neutral”.
Analyzing SYF Stock Performance
During the last five days, there has been a drop of approximately -8.62%. Over the course of the year, Synchrony Financial shares have dropped approximately -16.69%. Shares of the company reached a 52-week high of $70.93 on 01/23/25 and a 52-week low of $53.57 on 03/06/25. A 50-day SMA is recorded $65.15, while a 200-day SMA reached $55.40.
Support And Resistance Levels for Synchrony Financial (SYF)
According to the 24-hour chart, there is a support level at 53.29, which, if violated, would cause prices to drop to 52.43. In the upper region, resistance lies at 55.29. The next price resistance is at 56.42. RSI (Relative Strength Index) is 23.53 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.01, which suggests the price will decrease in the coming days. Percent R is at 95.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
