What Next for Synchrony Financial Stock After Today’s Bearish Options Activity?

 What Next for Synchrony Financial Stock After Today's Bearish Options Activity?

In today’s session Synchrony Financial (SYF) recorded an unusually high (202) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SYF decrease. With 202 contracts traded and 317364 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SYF170120P00028000 closed last at: $1.35 or 3.6% down. About 2.46 million shares traded hands. Synchrony Financial (NYSE:SYF) has declined 1.36% since April 5, 2016 and is downtrending. It has underperformed by 3.32% the S&P500.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 19 analysts covering Synchrony Financial (NYSE:SYF), 15 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 79% are positive. Synchrony Financial has been the topic of 28 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by BMO Capital Markets on Monday, October 19. Jefferies maintained Synchrony Financial (NYSE:SYF) rating on Wednesday, June 15. Jefferies has “Buy” rating and $35 price target. The firm earned “Buy” rating on Friday, November 4 by Compass Point. The firm has “Market Perform” rating given on Wednesday, September 16 by BMO Capital Markets. Zacks downgraded the shares of SYF in a report on Tuesday, August 18 to “Buy” rating. On Tuesday, October 20 the stock rating was upgraded by Nomura to “Buy”. The rating was maintained by Citigroup on Wednesday, June 15 with “Buy”. The stock has “Neutral” rating given by Sterne Agee CRT on Thursday, September 10. Buckingham Research initiated Synchrony Financial (NYSE:SYF) rating on Wednesday, August 26. Buckingham Research has “Buy” rating and $40.0 price target. As per Wednesday, January 13, the company rating was initiated by DA Davidson.

According to Zacks Investment Research, “Synchrony Financial is a consumer financial services company. It offers private label credit cards, dual cards and small and medium-sized business credit products; promotional financing for consumer purchases, including installment loans; and promotional financing to consumers. The company also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. Synchrony Financial is headquartered in Stamford, Connecticut.”

Synchrony Financial is a consumer financial services company. The company has a market cap of $24.59 billion. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. It has a 10.85 P/E ratio. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

SYF Company Profile

Synchrony Financial (Synchrony), incorporated on September 12, 2003, is a consumer financial services company. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its 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.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Businessinsider.com which released: “Synchrony Financial has simplified mobile buying” on October 31, 2016, also Fool.com with their article: “Synchrony Financial: Give Credit to Its Third Quarter” published on October 24, 2016, Thestreet.com published: “Synchrony Financial (SYF) Stock Climbs on Q3 Results” on October 21, 2016. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Blogs.Wsj.com and their article: “Synchrony Financial Joins R3 Blockchain Group” published on October 24, 2016 as well as Businesswire.com‘s news article titled: “Synchrony Financial Plug-in Easily Integrates Credit into Retailers’ Mobile Apps” with publication date: October 24, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment