Shares of Synchrony Financial (SYF) Rally 2.97%

Synchrony Financial (SYF) : Traders are bullish on Synchrony Financial (SYF) as it has outperformed the S&P 500 by a wide margin of 4.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.97% in the last 1 week, and is up 9.12% 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 8.61% and the 50-Day Moving Average is 1.16%.

Synchrony Financial (NYSE:SYF): The stock opened at $28.32 on Friday but the bulls could not build on the opening and the stock topped out at $28.32 for the day. The stock traded down to $27.83 during the day, due to lack of any buying support eventually closed down at $28.12 with a loss of -0.64% for the day. The stock had closed at $28.30 on the previous day. The total traded volume was 7,254,237 shares.


The company Insiders own 0.02% of Synchrony Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.37% . Institutional Investors own 88.83% of Synchrony Financial shares. During last six month period, the net percent change held by insiders has seen a change of -0.37%. In a related news,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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