Sysco (SYY) Offering Possible 9.29% Return Over the Next 24 Calendar Days

Sysco’s most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $80.00 short put and a strike $70.00 long put offers a potential 9.29% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $9.15 would be incurred if the stock dropped below the $70.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Sysco is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Sysco is bullish.

The RSI indicator is at 69.57 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Sysco

US Foods Activist Wants Control of the Board
Fri, 18 Feb 2022 22:08:00 +0000
Sachem Head Capital has become an activist after years of being a passive investor in food-service firm US Foods.

Sysco Canada, Inc. — Moody’s announces completion of a periodic review of ratings of Sysco Corporation
Thu, 17 Feb 2022 22:30:09 +0000
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Sysco CorporationGlobal Credit Research – 17 Feb 2022New York, February 17, 2022 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Sysco Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 14 February 2022 in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Sysco (SYY) Buys The Coastal Companies to Diversify Portfolio
Tue, 15 Feb 2022 14:37:02 +0000
Sysco (SYY) acquires The Coastal Companies to diversify its portfolio by adding retail and ready-to-eat capabilities along with state-of-the-art facilities.

Sysco Joins the USDA and EPA List of U.S. Food Loss and Waste 2030 Champions
Mon, 14 Feb 2022 21:58:00 +0000
HOUSTON, Feb. 14, 2022 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, has been added to the list of U.S. Food Loss and Waste 2030 Champions by the U.S. Department of Agriculture (USDA) and Environmental Protection Agency (EPA). The U.S. Food Loss and Waste 2030 Champions are businesses and organizations that have made a public commitment to reduce food loss and waste in their own operations in the United States by 50% by the year 2030. Sys

Sysco Completes Acquisition of the Coastal Companies
Mon, 14 Feb 2022 13:00:00 +0000
HOUSTON, Feb. 14, 2022 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and read

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