Bloomin’ Brands Inc: Headed down under? (NASDAQ:BLMN)

by Josh Bloomin’ Brands Inc. ($BLMN) tested the 50 day moving average yesterday and has decisively broke the moving average today. Shares are trading near the average volume with a volume of 382,927 shares today. Shares are currently down -2.56% at $23.23, breaking down out of their up trending channel. Earnings are on July 31, after the market closes.

The 200 day moving average is currently at $18.88 with short term support at $22.33 (the top of the May consolidation).

52 Week Range $11.57-$26.71 Market Cap 2,861,125,436 Average Volume 1,059,481 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 0.00% Percentage of Float Short 2.30% Beta 1.71

Bloomin’ Brands Inc. Bloomin Brands, Inc is a casual dining restaurant company in the world, with a portfolio of differentiated restaurant concepts.

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