Large Outflow of Money Witnessed in Synchrony Financial

Synchrony Financial (SYF) : Net money flow in Synchrony Financial (SYF) was negative ($24.36 million) and the inflow of money on uptick was $24.59 million, whereas, the outflow of money on downticks amounted to $48.95 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.5. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $5.22 million. On the other hand, the total value of block trades done on downticks was $25.29 million. The ratio of uptick to downtick block trades was 0.21. The money flow in block trades was negative ($20.08). Synchrony Financial (SYF) gained $0.25 cent during the day and reached $27.92, a gain of 0.9% over the previous day.


The company Insiders own 0.02% of Synchrony Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.37% . Institutional Investors own 88.71% of Synchrony Financial shares. During last six month period, the net percent change held by insiders has seen a change of -0.37%. In an insider trading activity,The officer (See remarks) of Synchrony Financial, Doubles Brian D sold 1,000 shares at $30 on May 24, 2016. The Insider selling transaction had a total value worth of $30,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of Synchrony Financial appreciated by 11.15% during the last five trading days but lost 9.35% on a 4-week basis. Synchrony Financial has dropped 0.85% during the last 3-month period . Year-to-Date the stock performance stands at -8.19%.

Synchrony Financial (NYSE:SYF): stock turned positive on Tuesday. Though the stock opened at $28, the bulls momentum made the stock top out at $28.15 level for the day. The stock recorded a low of $27.825 and closed the trading day at $27.92, in the green by 0.90%. The total traded volume for the day was 7,635,209. The stock had closed at $27.67 in the previous days trading.

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Companys revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts, under its Optimizer+Plus brand.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.