Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Shake Shack Inc shares valued at $88,284 were sold by Fogertey Katherine Irene on Dec 11 ’24. At $137.51 per share, Fogertey Katherine Irene sold 642 shares. The insider’s holdings dropped to 30,717 shares worth approximately $3.36 million following the completion of this transaction.
Also, Fogertey Katherine Irene sold 642 shares, netting a total of over 86,986 in proceeds. Following the sale of shares at $135.49 each, the insider now holds 30,075 shares.
Before that, Fogertey Katherine Irene had sold 642 shares from its account. In a trade valued at $85,541, the Chief Financial Officer traded Shake Shack Inc shares for $133.24 each. Upon closing the transaction, the insider’s holdings decreased to 642 shares, worth approximately $3.43 million.
As published in a research note from Gordon Haskett on January 08, 2025, Shake Shack Inc [SHAK] has been rated up from a Hold to a Buy and the price target has been revised to $154. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of August 19, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for SHAK. Earlier on July 29, 2024, CapitalOne initiated its rating. Their recommendation was “an Overweight” for SHAK stock.
Analyzing SHAK Stock Performance
During the last five days, there has been a drop of approximately -5.12%. Over the course of the year, Shake Shack Inc shares have dropped approximately -15.82%. Shares of the company reached a 52-week high of $138.45 on 01/07/25 and a 52-week low of $105.25 on 02/12/25. A 50-day SMA is recorded $124.99, while a 200-day SMA reached $108.17. Nevertheless, trading volume fell to 1.27 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Shake Shack Inc (SHAK)
According to the 24-hour chart, there is a support level at 107.17, which, if violated, would cause prices to drop to 105.08. In the upper region, resistance lies at 110.33. The next price resistance is at 111.40. RSI (Relative Strength Index) is 35.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.36, which suggests the price will decrease in the coming days. Percent R is at 78.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
