In a filing, Shake Shack Inc revealed its Director Flug Jeffrey unloaded Company’s shares for reported $31783.0 on May 01 ’24. In the deal valued at $104.55 per share,304 shares were sold. As a result of this transaction, Flug Jeffrey now holds 3,450 shares worth roughly $0.37 million.
Then, Flug Jeffrey sold 304 shares, generating $31,315 in total proceeds. Upon selling the shares at $103.01, the Director now owns 3,754 shares.
Before that, Flug Jeffrey sold 304 shares. Shake Shack Inc shares valued at $32,846 were divested by the Director at a price of $108.05 per share. As a result of the transaction, Flug Jeffrey now holds 4,058 shares, worth roughly $0.44 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 Friday, Shake Shack Inc [NYSE:SHAK] saw its stock jump 2.41% to $107.47. Over the last five days, the stock has gained 2.47%. Shake Shack Inc shares have risen nearly 44.99% since the year began. Nevertheless, the stocks have risen 103.46% 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 $102.24, while 200 days put it at $76.30. A total of 1.0 million shares were traded, compared to the trading of 1.89 million shares in the previous session.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 106.46, which if violated will result in even more drops to 105.45. On the upside, there is a resistance level at 108.98. A further resistance level may holdings at 110.49. The Relative Strength Index (RSI) on the 14-day chart is 63.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.15%. Stochastics %K at 80.38% indicates the stock is a selling.
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.
