Shake Shack Inc’s filing revealed that its Chief Financial Officer Fogertey Katherine Irene unloaded Company’s shares for reported $88284.0 on Dec 11 ’24. In the deal valued at $137.51 per share,642 shares were sold. As a result of this transaction, Fogertey Katherine Irene now holds 30,717 shares worth roughly $ 3.56 million.
Then, Fogertey Katherine Irene sold 642 shares, generating $86,986 in total proceeds. Upon selling the shares at $135.49, the Chief Financial Officer now owns 30,075 shares.
Before that, Fogertey Katherine Irene sold 642 shares. Shake Shack Inc shares valued at $85,541 were divested by the Chief Financial Officer at a price of $133.24 per share. As a result of the transaction, Fogertey Katherine Irene now holds 31,359 shares, worth roughly $3.63 million.
Gordon Haskett upgraded its Shake Shack Inc [SHAK] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Piper Sandler also remained covering SHAK and has decreased its forecast on August 19, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. CapitalOne started covering the stock on July 29, 2024. It rated SHAK as “an Overweight”.
Price Performance Review of SHAK
On Tuesday, Shake Shack Inc [NYSE:SHAK] saw its stock jump 6.83% to $115.80. Over the last five days, the stock has gained 5.37%. Shake Shack Inc shares have fallen nearly -10.79% since the year began. Nevertheless, the stocks have risen 48.33% over the past one year. While a 52-week high of $139.89 was reached on 01/07/25, a 52-week low of $77.50 was recorded on 02/12/25. SMA at 50 days reached $124.16, while 200 days put it at $108.24.
Levels Of Support And Resistance For SHAK Stock
The 24-hour chart illustrates a support level at 110.83, which if violated will result in even more drops to 105.85. On the upside, there is a resistance level at 119.15. A further resistance level may holdings at 122.49. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.69%. Stochastics %K at 30.51% indicates the stock is a holding.
The most recent change occurred on June 13, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $110 price target.
