Synchrony Financial (SYF) stock had a bullish inflow of $48.42 million worth of trades on uptick and an outflow of $38.51 million in downticks on Friday. The total uptick to downtick ratio stood at 1.26. The net money flow into the stock was $9.91 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $9.25 million. An inflow of $10.07 million block trade was recorded on downticks. $19.32 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.92 in favor of the bulls. However, Synchrony Financial (SYF) stock traded down $0.01 , and reached $28.26, a drop of -0.02% over the previous day. On a weekly basis, the stock is 0.48%, over the previous weeks close.
Synchrony Financial (SYF) : 9 Wall Street analysts covering Synchrony Financial (SYF) believe that the average level the stock could reach for the short term is $35.61. The maximum price target given is $41 and the minimum target for short term is around $28, hence the standard deviation is calculated at $4.36.
Synchrony Financial (NYSE:SYF): stock turned positive on Friday. Though the stock opened at $28.61, the bulls momentum made the stock top out at $28.89 level for the day. The stock recorded a low of $27.95 and closed the trading day at $28.4, in the green by 0.50%. The total traded volume for the day was 11,843,972. The stock had closed at $28.26 in the previous days trading.
In a related news, Doubles Brian D, officer (See remarks) of Synchrony Financial, unloaded 1,000 shares at an average price of $30 on May 24, 2016. The total amount of the transaction was worth $30,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.