In the past week, SYY stock has gone down by -3.66%, with a monthly decline of -4.68% and a quarterly plunge of -7.02%. The volatility ratio for the week is 1.73%, and the volatility levels for the last 30 days are 1.96% for Sysco Corporation The simple moving average for the past 20 days is -5.18% for SYY’s stock, with a -10.22% simple moving average for the past 200 days.
Is It Worth Investing in Sysco Corporation (NYSE: SYY) Right Now?
Sysco Corporation (NYSE: SYY) has a higher price-to-earnings ratio of 23.31x compared to its average ratio, and the 36-month beta value for SYY is at 1.10. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for SYY is 506.18M, and currently, shorts hold a 1.85% of that float. The average trading volume for SYY on May 26, 2023 was 2.35M shares.
SYY) stock’s latest price update
Sysco Corporation (NYSE: SYY)’s stock price has plunge by -1.05relation to previous closing price of 71.26. Nevertheless, the company has seen a -3.66% plunge in its stock price over the last five trading sessions. The Wall Street Journal reported on 03/28/23 that Sysco Hires Kenny Cheung as Finance Chief
SYY Trading at -6.08% from the 50-Day Moving Average
After a stumble in the market that brought SYY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.63% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares sank -6.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.96% lower at present.
During the last 5 trading sessions, SYY fell by -3.66%, which changed the moving average for the period of 200-days by -14.37% in comparison to the 20-day moving average, which settled at $74.13. In addition, Sysco Corporation saw -7.77% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SYY starting from Talton Sheila, who sale 2,469 shares at the price of $77.24 back on Feb 02. After this action, Talton Sheila now owns 11,877 shares of Sysco Corporation, valued at $190,696 using the latest closing price.
Bertrand Greg D, the EVP of Sysco Corporation, sale 12,000 shares at $85.00 during a trade that took place back on Oct 28, which means that Bertrand Greg D is holding 40,931 shares at $1,020,000 based on the most recent closing price.
Stock Fundamentals for SYY
Equity return is now at value 112.30, with 6.90 for asset returns.
Conclusion
In conclusion, Sysco Corporation (SYY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
