Synchrony Financial (SYF) Files Form 4 Insider Selling : Brian D Doubles Sells 1,000 Shares

Synchrony Financial (SYF): Brian D Doubles , officer of Synchrony Financial sold 1,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $30.00 per share for a total value of $30,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Margaret M Keane (director officer ) sold 1,000 shares at $30.00 per share price.On Nov 19, 2015, Daniel O Colao (director) purchased 2,107 shares at $0.00 per share price.Also, On Nov 19, 2015, Anne Kennelly Kratky (director) purchased 1,639 shares at $0.00 per share price.

Synchrony Financial: On Wednesday, May 25, 2016 heightened volatility was witnessed in Synchrony Financial which led to swings in the share price. The shares opened for trading at $30.43 and hit $30.975 on the upside , eventually ending the session at $30.66, with a gain of 1.19% or 0.36 points. The heightened volatility saw the trading volume jump to 60,28,878 shares. The 52-week high of the share price is $36.4 and the company has a market cap of $25,568 M . The 52-week low of the share price is at $23.74.

Synchrony Financial Money Flow Index Chart

Company has been under the radar of several Street Analysts.Synchrony Financial is Initiated by Macquarie to Neutral. The Rating was issued on May 11, 2016.Synchrony Financial is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $34 .The Rating was issued on Apr 25, 2016.Synchrony Financial is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 8, 2016.

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 Company’s 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.

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