Synchrony Financial (NYSE:SYF) traded at a new 52-week high today of $48.17. Approximately 2 million shares have changed hands today, as compared to an average 30-day volume of 5.8 million shares.
Synchrony Financial, originally a spin-off of GE Capital’s retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: Retail card (private-label and co-branded general-purpose credit cards), Payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).
In the past 52 weeks, Synchrony Financial share prices are bracketed by a low of $18.90 and a high of $48.17 and is now at $47.37, 151% above that low price.
Synchrony Financial (NYSE:SYF) defies analysts with a current price ($47.37) 37.0% above its average consensus price target of $29.83.
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