Sonic (SONC) : During the past 4 weeks, traders have been relatively bearish on Sonic (SONC), hence the stock is down -5.83% 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 -4.65% relative to the S&P 500. The 4-week change in the price of the stock is -6.33% and the stock has fallen -4.49% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 4.74%.The 200 Day SMA reached 12%
Sonic (NASDAQ:SONC): After opening at $25.47, the stock dipped to an intraday low of $25.435 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.29 and the buying power remained strong till the end. The stock closed at $26.18 for the day, a gain of 2.83% for the day session. The total traded volume was 1,206,260. The stocks close on the previous trading day was $26.18.
Sonic (SONC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $42 and the lowest price target forecast is $25. The average forecast of all the analysts is $31.56 and the expected standard deviation is $5.41.
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.