Sysco (SYY) Offering Possible 6.38% Return Over the Next 6 Calendar Days

Sysco’s most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $77.00 short put and a strike $72.00 long put offers a potential 6.38% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $72.00 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 34.56 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Sysco

Sysco Announces Inaugural Sustainability Bond Issuance
Thu, 13 Feb 2020 21:30:10 +0000
Sysco Corporation (SYY), the leading global foodservice distribution company, announced today the closing of its inaugural Sustainability Bond issuance. Net proceeds from the $500 million offering will fund projects that help advance the company’s 2025 Corporate Social Responsibility (CSR) Goals. “We are proud to lead our industry in issuing our first ever Sustainability Bond, demonstrating our deep commitment to caring for people, sourcing products responsibly and protecting the planet,” said Neil Russell, Sysco’s vice president of corporate affairs.

A Closer Look At Sysco Corporation’s (NYSE:SYY) Impressive ROE
Tue, 11 Feb 2020 19:18:15 +0000
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will…

Sysco Kicks-Off Fourth Annual Associate Volunteer Initiative “Sysco Gives Back Weeks”
Mon, 10 Feb 2020 13:00:10 +0000
Sysco Corporation (SYY) today kicks-off its fourth annual associate volunteer initiative, Sysco Gives Back Weeks, as part of the Company’s charitable giving strategic focus to combat hunger and food insecurity in the local communities it serves. This two-week effort, coordinated each spring, supports the Company’s core community partners who are focused on hunger relief and provides Houston-based associates with an array of opportunities to volunteer during regular work hours, including onsite events at both Corporate campuses and Sysco Houston, the Company’s local operating company. The Company will also host Saturday events to allow associates to volunteer as a family.

Edited Transcript of SYY earnings conference call or presentation 3-Feb-20 3:00pm GMT
Sat, 08 Feb 2020 07:45:45 +0000
Q2 2020 Sysco Corp Earnings Call

Sysco Announces Sustainability Bond Framework to Advance Its 2025 CSR Goals
Fri, 07 Feb 2020 14:25:10 +0000
Sysco Corporation (SYY), the leading global foodservice distribution company, announced today it has designed a Sustainability Bond Framework (the Framework) under which it may issue Green, Social and/or Sustainability Bonds to advance the company’s 2025 corporate social responsibility (CSR) goals. Sysco’s CSR strategy focuses on three key areas: people, products and planet, setting a clear path for the future and demonstrating the company’s continued commitment to caring for people, sourcing products responsibly and protecting the planet. The company’s 2025 CSR goals, announced in 2018, include a comprehensive set of objectives, including sourcing 20% of its electricity from renewable sources, powering 20% of its truck fleet with alternative fuels, expanding its sustainable agriculture program to five fresh crops, doubling the availability of Sysco Brand organic produce, and increasing its spend with women- and minority-owned suppliers by 25%.

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