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Stock Market & Financial Investment News

News Breaks
January 24, 2013
17:33 EDTSONCSonic announces resignation of President Scott McLain
Sonic announced that Scott McLain, the company's President, will resign from the position effective March 31, 2013. McLain will continue to serve the company in a transition role through the end of June 2013. The company also announced that, upon McLain's resignation as President, Cliff Hudson, Chairman and CEO, will assume the title of President, and McLain's responsibilities will be allocated among current and prospective members of management.
News For SONC From The Last 14 Days
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April 14, 2014
10:09 EDTSONCSonic mentioned cautiously by Off Wall Street
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April 4, 2014
10:02 EDTSONCOn The Fly: Analyst Downgrade Summary
Antero Resources (AR) downgraded to Buy from Strong Buy at ISI Group... Cobalt (CIE) downgraded to Buy from Strong Buy at ISI Group... Franklin Resources (BEN) downgraded to Market Perform at Keefe Bruyette... Hasbro (HAS) downgraded to Hold from Buy at Needham... PPL Corp. (PPL) downgraded to Neutral from Outperform at Macquarie... Sonic (SONC) downgraded to Neutral from Buy at Buckingham... Vodafone (VOD) downgraded to Neutral from Buy at Nomura... AutoZone (AZO) downgraded to Neutral from Outperform at RW Baird... Advance Auto Parts (AAP) downgraded to Neutral from Outperform at RW Baird... LinnCo (LNCO) downgraded to Neutral from Buy at Citigroup... LINN Energy (LINE) downgraded to Neutral from Buy at Citigroup... General Mills (GIS) downgraded to Hold from Buy at Argus.
07:11 EDTSONCSonic downgraded at Buckingham
As previously reported, Buckingham downgraded Sonic to Neutral from Buy. The firm downgraded shares due to valuation and the rise in dairy costs. Price target is $24.
06:44 EDTSONCMost senators resisting compromise on minimum wage increase, Politico reports
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06:27 EDTSONCSonic downgraded to Neutral from Buy at Buckingham
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April 3, 2014
06:34 EDTSONCStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link

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