In a filing, Shake Shack Inc revealed its Chief Financial Officer Fogertey Katherine Irene unloaded Company’s shares for reported $85541.0 on Nov 06 ’24. In the deal valued at $133.24 per share,642 shares were sold. As a result of this transaction, Fogertey Katherine Irene now holds 31,359 shares worth roughly $3.81 million.
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Then, Meyer Daniel Harris sold 27,209 shares, generating $3,578,716 in total proceeds. Upon selling the shares at $131.53, the Director now owns 380,437 shares.
Before that, Fogertey Katherine Irene sold 3,858 shares. Shake Shack Inc shares valued at $485,275 were divested by the Chief Financial Officer at a price of $125.78 per share. As a result of the transaction, Fogertey Katherine Irene now holds 32,001 shares, worth roughly $3.89 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 fall -2.05% to $121.53. Over the last five days, the stock has lost -7.46%. Shake Shack Inc shares have risen nearly 63.96% since the year began. Nevertheless, the stocks have risen 100.98% over the past one year. While a 52-week high of $134.90 was reached on 11/07/24, a 52-week low of $59.51 was recorded on 01/17/24. SMA at 50 days reached $111.66, while 200 days put it at $100.14.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 120.24, which if violated will result in even more drops to 118.95. On the upside, there is a resistance level at 123.59. A further resistance level may holdings at 125.65. The Relative Strength Index (RSI) on the 14-day chart is 53.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.14%. Stochastics %K at 54.62% 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 2024-10-31, dropping by -0.24 million shares to a total of 3.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.79 million shares. There was a decline of -6.69%, which implies that there is a negative sentiment for the stock.
