Large Inflow of Money Witnessed in Sysco Corporation

Sysco Corporation (SYY) : Sysco Corporation (SYY) had a healthy money flow of $9.23 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $27.72 million, whereas, investors only sold shares worth $18.5 million on downticks. The stock closed the day with an up-down ratio of 1.5.The money flow in the block trades to the tune of $11.39 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $11.39 million worth of transactions were on upticks. Sysco Corporation (SYY) stock slid $0.08 intraday and traded at 51.19, a change of -0.16% over previous days close. However, for the week, the company shares are 0.91% compared to previous weeks close.


Sysco Corporation (SYY) stock is expected to deviate a maximum of $5.92 from the average target price of $47.33 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $55 and the most muted being $40. The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 4.82%.

Sysco Corporation (NYSE:SYY): The stock opened at $51.40 on Thursday but the bulls could not build on the opening and the stock topped out at $51.49 for the day. The stock traded down to $51.00 during the day, due to lack of any buying support eventually closed down at $51.19 with a loss of -0.16% for the day. The stock had closed at $51.27 on the previous day. The total traded volume was 3,004,056 shares.

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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