Sonic Drops on Q3 News

Filed under: Earnings Reports, McDonald's (MCD), Yum Brands (YUM)

Sonic Corporation (SONC) is down this afternoon by over 5%. At the time I was checking quotes on the stock, I came up with a price of $8.80. Not too encouraging for shareholders, especially considering that the volume was active.



Shares of the fast-food entity have traded in a narrow range over the last twelve months. The 52-week low is $8.07; the 52-week high is $13.11. The one-year chart shows an all-over-the-place situation; there's no smooth uptrend here. So, we need some fundamental guidance. The third-quarter report was released yesterday after the bell. What do the numbers say?

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Sonic Drops on Q3 News originally appeared on BloggingStocks on Tue, 22 Jun 2010 17:40:00 EST. Please see our terms for use of feeds.

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