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Updated · MarketWatch · Apr 30Sysco stock rises for second straight day
11 articles · Updated · MarketWatch · Apr 30
- Shares gained 1.00% to $74.71 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow added 1.62% to 49,652.14.
- Despite the advance, Sysco underperformed Walmart, Costco and Amazon, and remained 18.66% below its 52-week high of $91.85 reached on 17 February.
- Trading volume was 4.7 million shares, about 221,589 below its 50-day average of 4.9 million, suggesting the gain came on lighter-than-usual activity.
Is Sysco's stock a 50% off bargain or a high-debt value trap waiting to spring? Will the $29B Jetro acquisition cement Sysco's dominance or will the massive debt crush its future?