Unusual Social Activity Around Sysco (SYY) Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Sysco ( SYY) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Sysco as such a stock due to the following factors:

  • SYY has 12x the normal benchmarked social activity for this time of the day compared to its average of 5.03 mentions/day
  • SYY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $208.7 million

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on SYY:

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments. The stock currently has a dividend yield of 3.1%. SYY has a PE ratio of 26. Currently there are two analysts that rate Sysco a buy, one analyst rates it a sell, and six rate it a hold.

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