Wingstop Inc. (WING) Files Form 4 Insider Selling : David A. Vernon Sells 17,206 Shares

Wingstop Inc. (WING): David A. Vernon , Chief Development Officer of Wingstop Inc. sold 17,206 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $27.57 per share for a total value of $474,319.53 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Ii Ws Llc Rc (10% owner) sold 6,354,532 shares at $22.86 per share price.On Mar 15, 2016, Neal K Aronson (director) sold 6,354,532 shares at $22.86 per share price.Also, On Mar 14, 2016, Charles R Morrison (President and CEO) sold 47,150 shares at $22.86 per share price.On Jun 17, 2015, William Engen (COO) purchased 4,200 shares at $19.00 per share price.

Wingstop Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Wingstop Inc which led to swings in the share price. The shares opened for trading at $27.87 and hit $28.13 on the upside , eventually ending the session at $27.69, with a gain of 0.62% or 0.17 points. The heightened volatility saw the trading volume jump to 2,87,010 shares. The 52-week high of the share price is $35.96 and the company has a market cap of $793 M . The 52-week low of the share price is at $20.3101.

Wingstop Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Wingstop Inc is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 1, 2016.

Wingstop Inc. (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut seasoned fries and sides made fresh daily. The Company operates business through two segments which include Franchise segment and Company segment. The Company’s Franchise segment consists of its domestic and international franchise restaurants. Its franchise operations segment consists of approximately 693 restaurants which are operated by its Wingstop franchisees in the United States and five countries outside of the United States. The Company’s Company segment consists of Company-owned restaurants which are located in the United States.

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