Sonic Corp (SONC) Files Form 4 Insider Selling : Frank E Iii Richardson Sells 45,005 Shares

Sonic Corp (SONC): Frank E Iii Richardson , director of Sonic Corp sold 45,005 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $34.91 per share for a total value of $1,573,156.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Frank E Iii Richardson (director) sold 45,005 shares at $34.91 per share price.On Apr 15, 2016, Paige S Bass (Senior Vice President) sold 17,800 shares at $35.22 per share price.Also, On Apr 6, 2016, J Clifford Hudson (Chief Executive Officer) sold 93,741 shares at $35.28 per share price.On Apr 5, 2016, Carolyn C. Cummins (Vice President) sold 2,000 shares at $35.71 per share price.

Sonic Corporation: On Friday, Apr 22, 2016 heightened volatility was witnessed in Sonic Corporation which led to swings in the share price. The shares opened for trading at $34.53 and hit $34.81 on the upside , eventually ending the session at $34.66, with a gain of 0.35% or 0.12 points. The heightened volatility saw the trading volume jump to 4,59,605 shares. The 52-week high of the share price is $36.34 and the company has a market cap of $1,683 M . The 52-week low of the share price is at $22.72.

Sonic Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sonic Corporation is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $37 .The Rating was issued on Apr 6, 2016.Sonic Corporation is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $28 .The Rating was issued on Mar 30, 2016.Sonic Corporation is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $32 .The Rating was issued on Mar 30, 2016.

Sonic Corp. operates and franchises a chain of drive-in restaurants in the United States. The Company has around 3512 Sonic Drive-Ins in 44 states of the United States. The Company’s product categories include Burgers Coneys and Hot Dogs Chicken Breakfast Snacks and Sides Drinks Ice Cream and Wacky Pack. The Company’s products include SONIC Cheeseburger SuperSONIC Double Cheeseburger Chili Cheese Coney Chicago Dog Garlic Parmesan Boneless Wings Buffalo Boneless Wings BREAKFAST TOASTER SuperSONIC Breakfast Burrito Natural-Cut Fries Onion Rings Minute Maid Cranberry Juice Slush DR PEPPER SONIC Energy Zero Calorie OREO & Cake Shake Banana Split Master Blast and Waffle Cone Sundae with Chocolate & Reeses Cups among others. The Company offers Wacky Pack for kids. The Company also offers SONIC Wacky application which is available on Google Play and iTunes App Store.

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