News Recap: Sysco Corporation (NYSE:SYY)
Sysco Corporation (NYSE:SYY) stock identified change of 34.69% away from 52-week low price and recently located move of -3.68% off 52-week high price. It has market worth of $42.25B and dividend yield of 2.17%. SYY stock has been recorded 0.23% away from 50 day moving average and 9.29% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.97% off 20-day moving average.
On Jan. 20, 2020, Sysco Corporation (NYSE:SYY) released that it will host a grand opening ceremony and open house for government officials, customers, associates and other members of the community at its FreshPoint Central Florida facility on Jan. 22, 2020 from 11:00am to 2:00pm EST. FreshPoint, Sysco’s specialty produce company, is North America’s leading produce distributor.
The event will celebrate the completion of the expanded, state-of-the-art 150,000 square foot facility, which has doubled in size and features environmentally-friendly specifications, and include a ribbon cutting, facility tour, food demonstrations, tastings and more. The FreshPoint Central Florida facility address is 8801 Exchange Drive in Orlando, FL.
As a result of the expansion, the facility features:
- A new culinary center for showcasing new products and customer menu development;
- Additional equipment and space for the company’s FreshCuts processing operation, increasing the facility’s capabilities to provide custom cut fruit and vegetable products to customers;
- Sustainability features such as LED lighting, energy-efficient coolers and a system which collects produce waste for use in composting and energy production.
The Services sector company, Sysco Corporation noticed change of 0.19% to $82.82 along volume of 4535957 shares in recent session compared to an average volume of 2.06M. The stock observed return of -2.47% in 5 days trading activity. The stock was at -1.57% over one month performance. SYY’s shares are at 4.56% for the quarter and driving a 33.07% return over the course of the past year and is now at -3.18% since this point in 2018.
The average volatility for the week at 1.54% and for month was at 1.05%. There are 510.17M shares outstanding and 508.98M shares are floated in market. Right now the stock beta is 0.46.
Roy Frigo an avid economist and an expert on global politics and economic pressures that can affect market conditions. He has a Masters Degree in Economics from Westminster University with previous roles including Investment Banking.
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