Synchrony Financial (SYF) traded on unusually high volume on Mar. 15, as the stock
gained 1.43% to close at $33.31. On the day, Synchrony Financial saw 12.85 million shares trade hands on 39,038 trades.
Considering that the stock averages only a daily volume of 7.13 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the
company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $36.32 and $21.78 over the last 52-weeks, its 50-day SMA is now $29.51, and its 200-day SMA $29.88. Synchrony Financial
has a P/B ratio of 1.61. It also has a P/E ratio of 8.8.

Synchrony Financial, formerly GE Capital’s retail finance business, is the largest provider of private-label credit cards in the United States based on purchase volume and receivables. Through its partners’ 350,000 locations in the U.S. and Canada along with websites and mobile applications, Synchrony offers a variety of credit products through three sales platforms: retail card (private-label credit cards), payment solutions (consumer financing for major purchases), and CareCredit (financing for elective healthcare procedures).

Headquartered in Stamford, CT, Synchrony Financial has 16,500 employees and is currently under the leadership of CEO Margaret M. Keane.

For a complete fundamental analysis analysis of Synchrony Financial, check out Equities.com’s Stock Valuation Analysis report
for SYF
.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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