Bloomin Brands (NASDAQ:BLMN) : During the past 4 weeks, traders have been relatively bearish on Bloomin Brands (NASDAQ:BLMN), hence the stock is down -9.92% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.65% relative to the S&P 500. The 4-week change in the price of the stock is -8.46% and the stock has fallen -1.4% in the past 1 week.
The company shares have dropped -25.04% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $23.83 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $18.62 and the 200 Day Moving Average price is recorded at $17.65.
The stock has recorded a 20-day Moving Average of 3.61% and the 50-Day Moving Average is 6.03%.
Bloomin Brands (NASDAQ:BLMN): stock turned positive on Friday. Though the stock opened at $17.37, the bulls momentum made the stock top out at $17.755 level for the day. The stock recorded a low of $17.37 and closed the trading day at $17.63, in the green by 1.97%. The total traded volume for the day was 708,120. The stock had closed at $17.29 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Bloomin Brands, Inc., Sullivan Chris Thomas had sold 133,000 shares worth of $2,590,840 in a transaction dated June 6, 2016. In this transaction, 133,000 shares were sold at $19.48 per share.
Bloomin Brands, Inc. is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concept: Outback Steakhouse, Carrabbas Italian Grill, Bonefish Grill and Flemings Prime Steakhouse & Wine Bar. As of December 28, 2014, the Company owned and operated 1,344 restaurants and franchised 166 restaurants across 48 states, Puerto Rico, Guam and 21 countries. The Companys business unit Bloomin Brands International is engaged in developing and operating its restaurants outside of the United States. Outback Steakhouse is a casual steakhouse restaurant focused on steaks, flavors and Australian decor. Carrabbas Italian Grill is a casual Italian restaurant. Bonefish Grill is a casual seafood restaurant, which offers grilled fish. Flemings Prime Steakhouse & Wine Bar is a steakhouse, which offers beef, seafood and pork and chicken entrees, accompanied by an assortment of salads and side dishes.