|Day Low/High||12.57 / 12.80|
|52 Wk Low/High||8.71 / 12.80|
Good, old-fashioned inflation is picking back up across Corporate America.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Investors in Denny's Corp saw new options become available this week, for the August 18th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 220 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
- Company Reiterates 2016 Guidance Expectations for Adjusted EBITDA* and Free Cash Flow* -
The casual dining company appears, on the surface, to be primed for some strategic M&A.
In recent trading, shares of Denny's Corp have crossed above the average analyst 12-month target price of $12.88, changing hands for $12.92/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
The most recent short interest data has been released for the 10/14/2016 settlement date, which shows a 391,499 share increase in total short interest for Denny's Corp , to 2,436,699, an increase of 19.14% since 09/30/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Trade-Ideas LLC identified Denny's (DENN) as a weak on high relative volume candidate
Struggling chain could use proceeds to fund a turnaround.
Investors in Denny's Corp saw new options begin trading this week, for the February 2017 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
After years of losing out to fast-casual eateries, restaurants such as Cracker Barrel (CBRL) that have table service are seeing a resurgence in popularity.
The casual dining operator posts quarterly results that beat forecasts, leading its stock to a new high.
Appoints New Board Chair
In trading on Tuesday, shares of Denny's Corp crossed above their 200 day moving average of $10.45, changing hands as high as $10.71 per share. Denny's Corp shares are currently trading up about 6.9% on the day.