Sonic (SONC) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $3.02 million worth of transactions were on upticks, whereas, the downticks accounted for $2.46 million worth of transactions. The net money flow was a positive $0.56 million and the uptick to downtick ratio was 1.23. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.56 in their favor. The net money flow into the stock was $0.59 million. The value of block trades done on downticks was only $1.04 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.62 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Sonic (SONC) was trading at $26.13, down $1.32 during day. The stock slid -4.79% over the previous days close. For the week, the stock recorded -4.69% over the previous weeks close.
Sonic Corp. has lost 3.53% in the last five trading days and dropped 10.96% in the last 4 weeks. Sonic Corp. has dropped 4.98% during the last 3-month period . Year-to-Date the stock performance stands at -20.37%.
Sonic (SONC) : The consensus on Sonic (SONC) based on 10 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Sonic (NASDAQ:SONC): stock was range-bound between the intraday low of $25.2 and the intraday high of $26.25 after having opened at $25.38 on Wednesdays session. The stock finally closed in the red at $25.38, a loss of -7.29%. The stock remained in the red for the whole trading day. The total traded volume was 5,805,437 shares. The stock failed to cross $26.25 in Wednesdays trading. The stocks closing price on Thursday was $27.44.
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.