Sonic (NASDAQ:SONC) has climbed 4.13% in the past week and advanced 2.68% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.38% and the outperformance has advanced to 1.74% for the last 4 weeks period.
Sonic (NASDAQ:SONC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.18 and $29.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.27, notching a gain of 0.60% for the day. The total traded volume was 2,239,956 . The stock had closed at $30.09 on the previous day.
The company shares have dropped -9.26% from its 1 Year high price. On Apr 6, 2016, the shares registered one year high at $36.34 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $31.22 and the 200 Day Moving Average price is recorded at $31.08.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Miller Craig Jeffrey, officer (Former Officer of Subsidiary) of Sonic Corp, had unloaded 25,394 shares at an average price of $30 in a transaction dated on May 27, 2016. The total value of the transaction was worth $761,820.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Sonic (NASDAQ:SONC). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $32 per share to $35 per share. The rating by the firm was issued on March 30, 2016. Currently the company Insiders own 7.03% of Sonic shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.29% . During last six month period, the net percent change held by insiders has seen a change of -7.29%.
Sonic Corp. operates and franchises a chain of drive-in restaurants in the United States. The Company has around 3,512 Sonic Drive-Ins in 44 states of the United States. The Companys product categories include Burgers, Coneys and Hot Dogs, Chicken, Breakfast, Snacks and Sides, Drinks, Ice Cream, and Wacky Pack. The Companys 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.