Synchrony Financial stock outperforms market on strong trading day

Synchrony Financial stock outperforms market on strong trading day

Shares of Synchrony Financial SYF, +0.22% inched 0.22% higher to $31.75 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.20% falling 0.20% to 3,783.28 and Dow Jones Industrial Average DJIA, -0.14% falling 0.14% to 30,273.87. This was the stock’s third consecutive day of gains. Synchrony Financial closed $20.74 below its 52-week high ($52.49), which the company reached on October 19th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Visa Inc. Cl A V, +1.09% rose 1.09% to $187.67, Mastercard Inc. MA, +0.97% rose 0.97% to $304.20, and FleetCor Technologies Inc. FLT, -0.73% fell 0.73% to $187.05. Trading volume (7.3 M) eclipsed its 50-day average volume of 4.5 M.

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