Shares of Cosi Inc (NASDAQ: COSI), a restaurant operator, has witnessed an upward price momentum gaining more than 11% during each of the past two consecutive trading sessions with massive number of shares exchanging hands after Janus Capital Management LLC agreed to purchase company’s common stocks worth $4.47 million representing 3.9 million shares at a purchase price of $1.15 per share. Moreover, we note that during the last trading session, COSI was the top performers in the U.S. consumer discretionary sector after climbing 12.5% and closed at $1.80 while recording significant volumes of 544,124 shares. Additionally, in the past 5-trading sessions, COSI has rallied 38.5% while recording daily average trading volumes of 307,413 shares, while the stock accumulated over 61% in the last one month with daily average trading volume of 169,796 shares.
Company Description:
Cosi Inc (NASDAQ: COSI) owns, operates and franchises casual dining restaurants. The restaurants are located in a wide range of markets and trade areas, including business districts and residential communities in both urban and suburban locations.
1-Year Stock Chart:
Source: Bloomberg
