On a relative basis, the stock has outperformed the S&P 500 by 0.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.83% in the last 1 week, and is up 4.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 5.27%.
Sysco Corporation (NYSE:SYY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.08 and $51.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.02, notching a gain of 0.10% for the day. The total traded volume was 2,412,844 . The stock had closed at $51.97 on the previous day.
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 -5.46% . Institutional Investors own 78.67% of Sysco Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.12%. In a related news, 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 16,368 shares worth of $851,300 in a transaction dated July 13, 2016. In this transaction, 16,368 shares were sold at $52.01 per share.
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.