Rave Restaurant Group (RAVE) Earning Favorable Press Coverage, Report Shows

Rave Restaurant Group (RAVE) Earning Favorable Press Coverage, Report Shows

Press coverage about Rave Restaurant Group (NASDAQ:RAVE) has trended positive recently, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rave Restaurant Group earned a coverage optimism score of 0.44 on AlphaOne’s scale. AlphaOne also assigned news coverage about the restaurant operator an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.

Shares of Rave Restaurant Group (NASDAQ:RAVE) traded up 0.376% during trading on Friday, hitting $2.138. The stock had a trading volume of 26,438 shares. The stock has a 50 day moving average of $2.09 and a 200 day moving average of $2.28. Rave Restaurant Group has a 12 month low of $1.66 and a 12 month high of $5.20. The company’s market cap is $22.78 million.

In other Rave Restaurant Group news, CEO Scott Crane bought 30,000 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were purchased at an average price of $1.99 per share, with a total value of $59,700.00. Following the completion of the purchase, the chief executive officer now owns 36,763 shares in the company, valued at approximately $73,158.37. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have bought 62,563 shares of company stock worth $122,865. Insiders own 32.40% of the company’s stock.

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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