Shares of Sonic (SONC) Sees Large Inflow of Net Money Flow

Sonic (SONC): $0.51 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.35. The value of trades done on upticks was $1.98 million, whereas, trades done on downticks were valued at $1.47 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0 million. Sonic (SONC) fell $0.29 traded at $27.9, a change of -1.03% over the previous day. The stock is -0.82% for the week.


The company Insiders own 7.03% of Sonic shares according to the proxy statements. Institutional Investors own 98.68% of Sonic shares. During last six month period, the net percent change held by insiders has seen a change of -7.29%.

In a related news, The Securities and Exchange Commission has divulged that Miller Craig Jeffrey, officer (Former Officer of Subsidiary) of Sonic Corp, had unloaded 25,394 shares at an average price of $30 in a transaction dated on May 27, 2016. The total value of the transaction was worth $761,820.

Sonic (NASDAQ:SONC): stock was range-bound between the intraday low of $27.75 and the intraday high of $28.36 after having opened at $28.36 on Fridays session. The stock finally closed in the red at $28.36, a loss of -0.85%. The stock remained in the red for the whole trading day. The total traded volume was 925,408 shares. The stock failed to cross $28.36 in Fridays trading. The stocks closing price on Thursday was $28.19.

Sonic (SONC) : During the past 4 weeks, traders have been relatively bearish on Sonic (SONC), hence the stock is down -0.12% 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 -1.14% relative to the S&P 500. The 4-week change in the price of the stock is -0.25% and the stock has fallen -0.64% in the past 1 week.

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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