Large Inflow of Money Detected in Sysco Corporation

Sysco Corporation (SYY) : The money flow analysis of Sysco Corporation (SYY) indicates a $85.63 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $92.33 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.08 and so was the total money flow at $6.7 million. A solid up-down ratio of 17.73 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $13.34 million worth of block trades on upticks. Only $0.75 million worth of the stock exchanged hands on downticks. The money flow was $12.59 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Sysco Corporation (SYY), pushing it down by -0.06% for the day. The stock slid $0.03 and traded at $52.18 during the day. Nonetheless, the stock is 1.81% over the previous weeks close.


Shares of Sysco Corporation rose by 1.89% in the last five trading days and 0.31% for the last 4 weeks. Sysco Corporation is up 4.58% in the last 3-month period. Year-to-Date the stock performance stands at 29.92%.

Sysco Corporation (NYSE:SYY): The stock opened at $53.64 on Monday but the bulls could not build on the opening and the stock topped out at $53.97 for the day. The stock traded down to $51.78 during the day, due to lack of any buying support eventually closed down at $52.18 with a loss of -0.06% for the day. The stock had closed at $52.21 on the previous day. The total traded volume was 8,573,434 shares.

In a related news, The Securities and Exchange Commission has divulged that Day William B., officer (Executive Vice President) of Sysco Corp, had unloaded 75,000 shares at an average price of $51.53 in a transaction dated on August 4, 2016. The total value of the transaction was worth $3,864,750.

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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