Shake Shack Inc’s filing revealed that its Chief Financial Officer Fogertey Katherine Irene unloaded Company’s shares for reported $33464.0 on Oct 03 ’24. In the deal valued at $104.25 per share,321 shares were sold. As a result of this transaction, Fogertey Katherine Irene now holds 35,859 shares worth roughly $3.95 million.
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Then, Fogertey Katherine Irene sold 321 shares, generating $33,360 in total proceeds. Upon selling the shares at $103.93, the Chief Financial Officer now owns 36,180 shares.
Before that, Katherine Fogertey bought 6,426 shares. Shake Shack Inc shares valued at $674,087 were divested by the Officer at a price of $104.90 per share.
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 5.20% to $110.02. Over the last five days, the stock has gained 5.07%. Shake Shack Inc shares have risen nearly 48.43% since the year began. Nevertheless, the stocks have risen 89.82% 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 $101.30, while 200 days put it at $93.34.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 107.51, which if violated will result in even more drops to 105.00. On the upside, there is a resistance level at 111.48. A further resistance level may holdings at 112.94. The Relative Strength Index (RSI) on the 14-day chart is 63.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.22%. Stochastics %K at 61.31% 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 2024-09-13, growing by 31993.0 shares to a total of 4.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.98 million shares. There was a rise of 0.8%, which implies that there is a positive sentiment for the stock.
