Synchrony Financial (SYF) Shares are Down -1.08%

Synchrony Financial (SYF) : During the past 4 weeks, traders have been relatively bearish on Synchrony Financial (SYF), hence the stock is down -3.96% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.05% relative to the S&P 500. The 4-week change in the price of the stock is -3.59% and the stock has fallen -1.08% in the past 1 week.

Synchrony Financial has dropped 7.94% during the last 3-month period . Year-to-Date the stock performance stands at -9.54%. The stock has recorded a 20-day Moving Average of 1.28% and the 50-Day Moving Average is 1%.


Synchrony Financial (NYSE:SYF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.17 and $27.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.38, notching a gain of 0.33% for the day. The total traded volume was 4,949,335 . The stock had closed at $27.29 on the previous day.

Also, In a research note released to the investors, Citigroup maintains its rating on Synchrony Financial (NYSE:SYF).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $38 per share to $31 per share. The rating by the firm was issued on June 15, 2016.

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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