Media headlines about Rave Restaurant Group (NASDAQ:RAVE) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rave Restaurant Group earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 47.7953247733673 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Rave Restaurant Group (NASDAQ RAVE) traded down 0.63% during midday trading on Wednesday, hitting $1.57. The stock had a trading volume of 52,149 shares. The stock’s 50-day moving average is $1.72 and its 200-day moving average is $1.89. Rave Restaurant Group has a 1-year low of $1.27 and a 1-year high of $3.01. The stock’s market capitalization is $22.42 million.
In related news, Chairman Mark E. Schwarz sold 500,000 shares of Rave Restaurant Group stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $1.40, for a total transaction of $700,000.00. Following the transaction, the chairman now owns 100,691 shares of the company’s stock, valued at $140,967.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark E. Schwarz sold 678,540 shares of Rave Restaurant Group stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $1.40, for a total value of $949,956.00. Following the transaction, the chairman now directly owns 100,691 shares in the company, valued at approximately $140,967.40. The disclosure for this sale can be found here. 32.40% of the stock is owned by insiders.
About Rave Restaurant Group
Rave Restaurant Group, Inc operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark, Pizza Inn, and operates and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Company has two operating segments, which include Company-owned Restaurants, and Franchising and Food and Supply Distribution.
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