Shake Shack Inc’s recent filing unveils that its Director Meyer Daniel Harris unloaded Company’s shares for reported $1.1 million on Oct 04 ’24. In the deal valued at $110.08 per share,10,000 shares were sold. As a result of this transaction, Meyer Daniel Harris now holds 460,337 shares worth roughly $50.84 million.
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Then, Fogertey Katherine Irene sold 321 shares, generating $33,464 in total proceeds. Upon selling the shares at $104.25, the Chief Financial Officer now owns 35,859 shares.
Before that, Fogertey Katherine Irene sold 321 shares. Shake Shack Inc shares valued at $33,360 were divested by the Chief Financial Officer at a price of $103.93 per share. As a result of the transaction, Fogertey Katherine Irene now holds 36,180 shares, worth roughly $4.0 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 1.11% to $110.45. Over the last five days, the stock has gained 0.19%. Shake Shack Inc shares have risen nearly 49.02% since the year began. Nevertheless, the stocks have risen 96.95% over the past one year. While a 52-week high of $113.50 was reached on 10/11/24, a 52-week low of $54.06 was recorded on 01/17/24. SMA at 50 days reached $104.97, while 200 days put it at $96.09.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 109.55, which if violated will result in even more drops to 108.65. On the upside, there is a resistance level at 111.11. A further resistance level may holdings at 111.77. The Relative Strength Index (RSI) on the 14-day chart is 59.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.52%. Stochastics %K at 64.46% 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 2024-10-15, dropping by -0.44 million shares to a total of 3.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.01 million shares. There was a decline of -12.44%, which implies that there is a negative sentiment for the stock.
