Sysco Corp (NYSE:SYY) shares, rose in value, with the stock price down by -0.46% to the previous day’s close as strong demand from buyers drove the stock to $71.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $71.60. The PE ratio was 18.44 over 12-month period. Referring to stock’s 52-week performance, its high was $82.23, and the low was $67.12. On the whole, SYY has fluctuated by 0.28% over the past month.
With the market capitalization of Sysco Corp currently standing at about $34.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.04, with its dividend yield at 2.86%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SYY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.12, with the price of SYY currently trading nearly 0.09% and -1.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.31, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 2.44%. Furthermore, Sysco Corp (SYY)’s beta value is 0.83, and its average true range (ATR) is 1.60.
A comparison of Sysco Corp (SYY) with its peers suggests the former has fared considerably weaker in the market. SYY showed an intraday change of -0.46% in today’s session so far, and over the past year, it shrunk by -5.99%%.
Data on historical trading for Sysco Corp (NYSE:SYY) indicates that the trading volumes over the past 3 months, they’ve averaged 3.63 million. According to company’s latest data on outstanding shares, there are 484.75 million shares outstanding.
Nearly 0.31% of Sysco Corp’s shares belong to company insiders and institutional investors own 89.72% of the company’s shares. The stock has fallen by -6.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SYY stock heading into the next quarter.
