Shares of Sonic (SONC) Drops by -1.74%

Sonic (SONC) : During the past 4 weeks, traders have been relatively bearish on Sonic (SONC), hence the stock is down -12.35% 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 -3.19% relative to the S&P 500. The 4-week change in the price of the stock is -8.52% and the stock has fallen -1.74% in the past 1 week. The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 7.01%.

Sonic (NASDAQ:SONC): The stock opened at $28.35 on Friday but the bulls could not build on the opening and the stock topped out at $28.35 for the day. The stock traded down to $27.54 during the day, due to lack of any buying support eventually closed down at $27.69 with a loss of -1.98% for the day. The stock had closed at $28.25 on the previous day. The total traded volume was 1,349,923 shares.


The company Insiders own 7.03% of Sonic shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -7.29%. In a related news,The officer (Former Officer of Subsidiary) of Sonic Corp, Miller Craig Jeffrey sold 25,394 shares at $30 on May 27, 2016. The Insider selling transaction had a total value worth of $761,820. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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