Shares of Sysco Corporation (NYSE:SYY) Sees Large Outflow of Money

Sysco Corporation (NYSE:SYY) : Money flow in the Sysco Corporation (NYSE:SYY) stock was negative (1.55 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $4.14 million, compared to $5.69 million on downticks. The total uptick to downtick ratio was 0.73, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.01 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $2.01 million, indicating persistent selling. Sysco Corporation (NYSE:SYY) traded $0.61 higher at $49.81 gaining 1.24% over the previous days close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP and CFO) of Sysco Corp, Grade Joel T. had sold 16,428 shares worth of $820,743 in a transaction dated June 17, 2016. In this transaction, 16,428 shares were sold at $49.96 per share. Currently the company Insiders own 7.77% of Sysco Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.12% . Institutional Investors own 78.83% of Sysco Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.12%.

The company shares have rallied 37.57% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $50.68 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $49.22 and the 200 Day Moving Average price is recorded at $45.32. Sysco Corporation (NYSE:SYY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.65 and $49.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.22, notching a gain of 2.07% for the day. The total traded volume was 3,873,934 . The stock had closed at $49.20 on the previous day.

Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Companys other segments include its specialty produce, custom-cut meat and lodging industry products segments.

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