SONC Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Sonic Corp. ( SONC) crossed below their 200 day moving average of $16.98, changing hands as low as $16.94 per share. Sonic Corp. shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of SONC shares, versus its 200 day moving average:

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Sonic Corp. 200 Day Moving Average Chart

Looking at the chart above, SONC's low point in its 52 week range is $10.96 per share, with $21.48 as the 52 week high point — that compares with a last trade of $17.03.

According to the ETF Finder at ETF Channel, SONC makes up 2.51% of the Dynamic Food & Beverage Portfolio ETF ( PBJ) which is trading lower by about 0.9% on the day Wednesday.

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