Sysco Corporation (SYY) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $2.19 million worth of transactions were on upticks, whereas, the downticks accounted for $1.07 million worth of transactions. The net money flow was a positive $1.12 million and the uptick to downtick ratio was 2.05. The net money flow into the stock was $0.96 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.96 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Sysco Corporation (SYY) was trading at $49.22, down $0.02 during day. The stock slid -0.04% over the previous days close. For the week, the stock recorded -0.67% over the previous weeks close.
Sysco Corporation has lost 0.5% in the last five trading days and dropped 5.68% in the last 4 weeks. Sysco Corporation has dropped 1.55% during the last 3-month period . Year-to-Date the stock performance stands at 23.1%.
Sysco Corporation (SYY) has an average broker rating of 2.73, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Sysco Corporation (NYSE:SYY): The stock opened at $49.25 and touched an intraday high of $49.47 on Wednesday. During the day, the stock corrected to an intraday low of $49.12, however, the bulls stepped in and pushed the price higher to close in the green at $49.44 with a gain of 0.41% for the day. The total traded volume for the day was 2,852,477. The stock had closed at $49.24 in the previous trading session.
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.