Synchrony Financial stock outperforms market on strong trading day

Synchrony Financial stock outperforms market on strong trading day

Shares of Synchrony Financial SYF, +0.21% inched 0.21% higher to $38.35 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.14% rising 0.14% to 4,781.58 and the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 37,656.52.

This was the stock’s second consecutive day of gains.

Synchrony Financial closed $0.24 short of its 52-week high ($38.59), which the company achieved on December 20th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. AAPL, +0.05% rose 0.05% to $193.15, JPMorgan Chase & Co. JPM, +0.60% rose 0.60% to $169.40, and Visa Inc. Cl A V, -0.09% fell 0.09% to $258.93.

Trading volume (1.7 M) remained 2.8 million below its 50-day average volume of 4.6 M.

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