Company Shares of Wingstop (NASDAQ:WING) Drops by -9.39%

Wingstop (NASDAQ:WING) : During the past 4 weeks, traders have been relatively bearish on Wingstop (NASDAQ:WING), hence the stock is down -8.73% 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 -10.54% relative to the S&P 500. The 4-week change in the price of the stock is -7.26% and the stock has fallen -9.39% in the past 1 week.

The stock has recorded a 20-day Moving Average of 6.45% and the 50-Day Moving Average is 4.19%.


Wingstop (NASDAQ:WING): On Fridays trading session , Opening price of the stock was $25.45 with an intraday high of $26.25. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.26. However, the stock managed to close at $25.67, a loss of 8.55% for the day. On the previous day, the stock had closed at $28.07. The total traded volume of the day was 653,754 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Dekker Flynn, officer (Chief Marketing Officer) of Wingstop Inc., had unloaded 5,036 shares at an average price of $27.03 in a transaction dated on June 30, 2016. The total value of the transaction was worth $136,123.

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 Companys 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 Companys Company segment consists of Company-owned restaurants, which are located in the United States.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.