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

Synchrony Financial (SYF) : The value of composite uptick trades was $35.96 million, whereas, the value of composite downtick trades was $39.47 million. The uptick to downtick ratio stood at 0.91 with a negative money flow of ($3.51) Million during Thursdays trading session. The block trades money flow was negative ($6.71 million).The uptick to the downtick ratio of 0.66 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $12.77 million. The transaction of the trades on downticks amounted to $19.47 million, which confirms investors selling on the strength of price. Synchrony Financial (SYF) gained 63 cents at $25.94, an increase of 2.49% over the previous days close.


Synchrony Financial (SYF) : Average target price received by Synchrony Financial (SYF) is $35.67 with an expected standard deviation of $4.25. The most aggressive target on the stock is $41, whereas the most downbeat target is $29. 9 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 9.85%.

Synchrony Financial (NYSE:SYF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.35 and $25.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.02, notching a gain of 2.81% for the day. The total traded volume was 14,372,028 . The stock had closed at $25.31 on the previous day.

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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