Sonic (SONC) Shares are Up 1.48%

Sonic (SONC) has been under a strong bear grip, hence the stock is down -7.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.94% in the past 1 week. The stock has risen by 1.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.64% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 5.56% and the 50-Day Moving Average is 5.76%.The 200 Day SMA reached 12.56% Sonic Corp. has dropped 13.3% during the last 3-month period . Year-to-Date the stock performance stands at -18.18%.


Sonic (SONC) : The consensus price target for Sonic (SONC) is $34.8 for the short term with a standard deviation of $3.68. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $42, however, the pessimist price target for the company is $30.

For the current week, the company shares have a recommendation consensus of Buy. Sonic (NASDAQ:SONC): stock was range-bound between the intraday low of $26.105 and the intraday high of $26.32 after having opened at $26.16 on Fridays session. The stock finally closed in the red at $26.16, a loss of -0.38%. The stock remained in the red for the whole trading day. The total traded volume was 1,193,722 shares. The stock failed to cross $26.32 in Fridays trading. The stocks closing price on Thursday was $26.14.

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.

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