Sonic Corp. (symbol: SONC) was one of the worst losers of the trading day
today (2016-10-25), losing -16.65%. The number of shares that changed hands
was 11,351,310, or about 12 times the average daily volume in the stock.
The closing price was $22.08, amounting to a market cap of $1,050,000,000,
about -39.24% off the highest price in the last 12 months. The stock has
been trading at a range between $21.12 and $36.34.
SONC is in the Restaurants industry, part of the Consumer Services sector.
It first went public in 1991.
Looking at its valuation, the stock is now trading at 17.18 times earnings.
No comments:
Post a Comment