In a filing, Shake Shack Inc revealed its Chief Financial Officer Fogertey Katherine Irene unloaded Company’s shares for reported $31641.0 on Sep 04 ’24. In the deal valued at $98.57 per share,321 shares were sold. As a result of this transaction, Fogertey Katherine Irene now holds 36,822 shares worth roughly $3.76 million.
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Then, Fogertey Katherine Irene sold 321 shares, generating $31,202 in total proceeds. Upon selling the shares at $97.20, the Chief Financial Officer now owns 36,501 shares.
Before that, Meyer Daniel Harris sold 10,000 shares. Shake Shack Inc shares valued at $1,102,403 were divested by the Director at a price of $110.24 per share. As a result of the transaction, Meyer Daniel Harris now holds 470,437 shares, worth roughly $48.01 million.
Piper Sandler downgraded its Shake Shack Inc [SHAK] rating to a Neutral from a an Overweight in a research note published on August 19, 2024; the price target was decreased to $114 from $121. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in late July with a ‘”an Overweight”‘ rating. Goldman began covering SHAK with “Buy” recommendation on June 13, 2024. Oppenheimer maintained its rating on March 22, 2024. It rated SHAK as “an Outperform”.
Price Performance Review of SHAK
On Friday, Shake Shack Inc [NYSE:SHAK] saw its stock jump 0.25% to $102.05. Over the last five days, the stock has gained 9.32%. Shake Shack Inc shares have risen nearly 37.68% since the year began. Nevertheless, the stocks have risen 66.64% over the past one year. While a 52-week high of $111.29 was reached on 05/06/24, a 52-week low of $52.79 was recorded on 01/17/24. SMA at 50 days reached $95.08, while 200 days put it at $90.34.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 100.60, which if violated will result in even more drops to 99.14. On the upside, there is a resistance level at 103.44. A further resistance level may holdings at 104.82. The Relative Strength Index (RSI) on the 14-day chart is 54.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.60%. Stochastics %K at 46.55% indicates the stock is a holding.
How much short interest is there in Shake Shack Inc?
A steep rise in short interest was recorded in Shake Shack Inc stocks on 2024-08-30, dropping by -0.31 million shares to a total of 3.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.18 million shares. There was a decline of -8.14%, which implies that there is a negative sentiment for the stock.
