Is Synchrony Financial (SYF) a Stock to Watch After Gaining 8.89% This Week?

The market has been high on Synchrony Financial (SYF) stock recently. SYF gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Synchrony Financial has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SYF!

See Full SYF Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SYF Stock Today?

Synchrony Financial (SYF) stock is trading at $32.32 as of 3:36 PM on Thursday, Nov 30, an increase of $1.10, or 3.52% from the previous closing price of $31.22. The stock has traded between $31.26 and $32.45 so far today. Volume today is 3,415,196 compared to average volume of 4,255,936. To screen for more stocks like Synchrony Financial click here.

More About Synchrony Financial

Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures). Click Here to get the full Stock Report for Synchrony Financial stock.