Biglari Holdings Inc (NYSE:BH.A) shares dropped 3% during trading on Wednesday . The company traded as low as $795.00 and last traded at $799.52. Approximately 707 shares traded hands during mid-day trading, an increase of 449% from the average daily volume of 129 shares. The stock had previously closed at $824.00.
Separately, TheStreet raised Biglari from a “c” rating to a “b-” rating in a research report on Tuesday, August 10th.
The business has a 50-day moving average price of $832.47 and a 200 day moving average price of $784.23.
Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2019, it operated 368 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 48 franchised units.
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