Shares of Rave Restaurant Group, Inc. (RAVE) opened at 1.60 on Tuesday. The firm’s market cap is $22.85 million. The company has a 50 day moving average price of $1.72 and a 200-day moving average price of $1.89. Rave Restaurant Group, Inc. has a 52-week low of $1.27 and a 52-week high of $3.01.
In related news, Chairman Mark E. Schwarz sold 678,540 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $1.40, for a total value of $949,956.00. Following the sale, the chairman now owns 100,691 shares in the company, valued at approximately $140,967.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott Crane bought 178,540 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average price of $1.40 per share, for a total transaction of $249,956.00. Following the acquisition, the chief executive officer now directly owns 240,103 shares in the company, valued at $336,144.20. The disclosure for this purchase can be found here. Corporate insiders own 32.40% of the company’s stock.
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Rave Restaurant Group Company Profile
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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