Large Inflow of Money Detected in Sysco Corporation

Sysco Corporation (SYY) : $25.3 million worth of transactions were on upticks in Sysco Corporation (SYY), compared to $15.52 million on downticks. The ratio between the two was 1.63, whereas, the net money flow stood at a healthy $9.78 million on Thursdays session. The consistent buying on upticks in the stock accounted for $9.04million worth of trades. The total money flow into the stock stood at $9.04 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.12%. The stock was trading at $51.97, with a drop of $0.06 over the previous days close. The stock recorded 0.74% for the week.


The stock has recorded a 20-day Moving Average of 3.3% and the 50-Day Moving Average is 5.32%. Shares have rallied 42.77% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $51.81 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $49.55 and the 200 Day Moving Average price is recorded at $45.94.

Sysco Corporation (NYSE:SYY): The stock opened at $52.05 on Thursday but the bulls could not build on the opening and the stock topped out at $52.31 for the day. The stock traded down to $51.88 during the day, due to lack of any buying support eventually closed down at $51.97 with a loss of -0.12% for the day. The stock had closed at $52.03 on the previous day. The total traded volume was 2,652,865 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Grade Joel T., officer (EVP and CFO) of Sysco Corp, had unloaded 16,398 shares at an average price of $51 in a transaction dated on July 5, 2016. The total value of the transaction was worth $836,298.

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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