Company Shares of Sonic (NASDAQ:SONC) Rally 3.41%

Sonic (NASDAQ:SONC) has been under a strong bear grip, hence the stock is down -4.6% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.1% in the past 1 week. The stock has risen by 3.41% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.06% in the past 4 weeks.

The company shares have dropped -4.54% from its 1 Year high price. On Apr 6, 2016, the shares registered one year high at $36.34 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $28.95 and the 200 Day Moving Average price is recorded at $30.87.

The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 7.35%.


Sonic (NASDAQ:SONC): stock turned positive on Friday. Though the stock opened at $27.55, the bulls momentum made the stock top out at $28.55 level for the day. The stock recorded a low of $27.55 and closed the trading day at $28.18, in the green by 3.49%. The total traded volume for the day was 1,336,468. The stock had closed at $27.23 in the previous days trading.

In an insider trading activity, The officer (Former Officer of Subsidiary), of Sonic Corp, Miller Craig Jeffrey had unloaded 25,394 shares at $30 per share in a transaction on May 27, 2016. The total value of transaction was $761,820. The Insider information was revealed by 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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