Shares of Synchrony Financial (SYF) Sees Large Outflow of Money

Synchrony Financial (SYF) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.29 million) and the uptick to downtick ratio was 0.83. The transaction value on upticks was $16.26 million and on downticks, the transaction value was $19.55 million. In block trades, the transaction value of inflow done during uptick was $5.58 million. The transaction value of block trades during downticks was $6.79 million. The uptick to downtick block trade ratio was 0.82. The money flow was negative ($1.21 million), indicating the traders were booking profit on the price strength. Synchrony Financial (SYF) rose $0.02 at $28.14, during intraday Thursday , a rise of 0.07% over the previous days close.


The stock has recorded a 20-day Moving Average of 9.68% and the 50-Day Moving Average is 0.72%.

Synchrony Financial (NYSE:SYF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.59 and $28.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.30, notching a gain of 0.64% for the day. The total traded volume was 5,896,333 . The stock had closed at $28.12 on the previous day.

In an insider trading activity,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.

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