Synchrony Financial (NYSE:SYF) has tumbled 16.33% during the past week and has dropped 13.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 15.33%. Synchrony Financial (NYSE:SYF) has underperformed the index by 14.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Synchrony Financial (NYSE:SYF): The stock opened at $25.97 on Friday but the bulls could not build on the opening and the stock topped out at $26.01 for the day. The stock traded down to $25.58 during the day, due to lack of any buying support eventually closed down at $25.77 with a loss of -0.88% for the day. The stock had closed at $26.00 on the previous day. The total traded volume was 18,246,381 shares.
The company shares have dropped -21.70% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $36.40 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $29.98 and the 200 Day Moving Average price is recorded at $29.03.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Doubles Brian D, officer (See remarks) of Synchrony Financial, had unloaded 1,000 shares at an average price of $30 in a transaction dated on May 24, 2016. The total value of the transaction was worth $30,000.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Synchrony Financial (NYSE:SYF).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $38 per share to $31 per share. The rating by the firm was issued on June 15, 2016. Currently 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 88.72% of Synchrony Financial shares. During last six month period, the net percent change held by insiders has seen a change of -0.37%.
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.