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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. 

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