Synchrony Financial (SYF) : $35.38 million worth of transactions were on upticks in Synchrony Financial (SYF), compared to $28.67 million on downticks. The ratio between the two was 1.23, whereas, the net money flow stood at a healthy $6.72 million on Wednesdays session.The block trades show a bullish bias with only $2.66 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $9.72million worth of trades. The up-down ratio between the uptick and downtick was 3.65, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $7.06 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.39%. The stock was trading at $28.14, with a drop of $0.11 over the previous days close. The stock recorded 0.07% for the week.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Synchrony Financial (NYSE:SYF). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $38 per share to $31 per share. The rating by the firm was issued on June 15, 2016.
Synchrony Financial (NYSE:SYF): The stock opened at $28.49 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.58 for the day. The stock traded down to $28.00 during the day, due to lack of any buying support eventually closed down at $28.14 with a loss of -0.39% for the day. The stock had closed at $28.25 on the previous day. The total traded volume was 8,941,785 shares.
The stock has recorded a 20-day Moving Average of 7.17% and the 50-Day Moving Average is 0.71%. In a related news,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.
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.