Sysco (SYY) Offering Possible 42.86% Return Over the Next 10 Calendar Days

Sysco's most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $81.00 short put and a strike $76.00 long put offers a potential 42.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $81.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $76.00 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 66.16 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Sysco

Why Is Sysco (SYY) Up 6.7% Since Last Earnings Report?
Thu, 04 Mar 2021 16:30:04 +0000
Sysco (SYY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Sysco to Donate $100,000 to Support Winter Storm Recovery in Texas
Thu, 04 Mar 2021 13:00:00 +0000
HOUSTON, March 04, 2021 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, announced today it will donate $100,000 to help Texas foodservice operators and communities recover from the recent winter storm. Donations will be made to the American Red Cross and the Greater Houston Partnership, as well as various Texas state associations including the Texas Restaurant Association, Texas Hotel and Lodging Association, Texas Health Care Association, Texas Hospital Association and Texas Assisted Living Association. “Through these donations, Sysco hopes to support families and foodservice businesses across Texas that have suffered from the impact of the recent winter storm,” said Neil Russell, Sysco’s senior vice president, Corporate Affairs and chief communications officer. “It is our hope that these funds will help address the vast impacts felt by so many, including efforts to support frontline workers, doctors, nurses and first responders.” In addition to the financial contributions, Sysco continues to make food donations to multiple organizations serving those in need. About SyscoSysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion. Information about our CSR program, including Sysco’s 2020 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2020report. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at www.investors.sysco.com which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. For more information contact: Shannon MutschlerMedia ContactMutschler.Shannon@corp.sysco.comT 281-584-4059

Sysco Declares Quarterly Dividend Payment
Thu, 25 Feb 2021 22:00:00 +0000
HOUSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.45 per share, payable on April 23, 2021, to common stockholders of record at the close of business on April 1, 2021. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion. Information about our CSR program, including Sysco’s 2020 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2020report. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. For more information contact: Shannon MutschlerRachel LeeMedia ContactInvestor Relations ContactShannon.Mutschler@sysco.com Rachel.Lee@sysco.com T 281-584-4059T 281-436-7815

Top 4 Holdings of Nelson Peltz's Trian Fund Management
Wed, 24 Feb 2021 21:11:27 +0000
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Should You Think About Buying Sysco Corporation (NYSE:SYY) Now?
Wed, 24 Feb 2021 08:54:42 +0000
Sysco Corporation ( NYSE:SYY ) saw a double-digit share price rise of over 10% in the past couple of months on the…

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