Shake Shack Inc’s recently made public that its Director Flug Jeffrey unloaded Company’s shares for reported $31315.0 on Apr 04 ’24. In the deal valued at $103.01 per share,304 shares were sold. As a result of this transaction, Flug Jeffrey now holds 3,754 shares worth roughly $0.36 million.
Then, Flug Jeffrey sold 304 shares, generating $32,846 in total proceeds. Upon selling the shares at $108.05, the Director now owns 4,058 shares.
Before that, Meyer Daniel Harris sold 40,000 shares. Shake Shack Inc shares valued at $4,253,629 were divested by the Director at a price of $106.34 per share. As a result of the transaction, Meyer Daniel Harris now holds 480,437 shares, worth roughly $46.64 million.
Oppenheimer reiterated its Shake Shack Inc [SHAK] rating to an Outperform in a research note published on March 22, 2024; the price target was $120. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early March from “a Market perform” to “an Outperform”. HSBC Securities began covering SHAK with “Hold” recommendation on December 20, 2023. Raymond James revised its rating on December 06, 2023. It rated SHAK as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of SHAK
On Monday, Shake Shack Inc [NYSE:SHAK] saw its stock fall -0.14% to $97.07. Over the last five days, the stock has lost -5.29%. Shake Shack Inc shares have risen nearly 30.96% since the year began. Nevertheless, the stocks have risen 76.97% over the past one year. While a 52-week high of $110.90 was reached on 03/22/24, a 52-week low of $52.64 was recorded on 01/17/24. SMA at 50 days reached $97.76, while 200 days put it at $74.72. A total of 0.59 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 95.77, which if violated will result in even more drops to 94.47. On the upside, there is a resistance level at 99.18. A further resistance level may holdings at 101.29. The Relative Strength Index (RSI) on the 14-day chart is 42.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.02%. Stochastics %K at 21.90% indicates the stock is a holding.
The most recent change occurred on October 19, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $62 price target.
