Shake Shack (NYSE:SHAK) has risen sharply, recording gains of 5.26% in the past 4 weeks. However, the stock has corrected -1.13% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -28.87% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $75.90 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $36.34 and the 200 Day Moving Average price is recorded at $36.38.
The stock has recorded a 20-day Moving Average of 2.21% and the 50-Day Moving Average is 2.09%.
Shake Shack (NYSE:SHAK): stock turned positive on Friday. Though the stock opened at $36, the bulls momentum made the stock top out at $37.1174 level for the day. The stock recorded a low of $35.72 and closed the trading day at $36.79, in the green by 2.14%. The total traded volume for the day was 702,695. The stock had closed at $36.02 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer 10% owner (Chief Executive Offic of Shake Shack Inc., Garutti Randall J had sold 10,000 shares worth of $366,700 in a transaction dated July 8, 2016. In this transaction, 10,000 shares were sold at $36.67 per share.
Shake Shack Inc. (Shake Shack) is a holding company with no direct operations and its principal asset is the equity interest in SSE Holdings, LLC (SSE Holdings). The Company holds 33.3% ownership interest in SSE Holdings. SSE Holdings operates and licenses restaurants in the global restaurant industry, serving hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine. As of December 31, 2014, the Company had 63 Shake Shack restaurants (Shacks) in nine countries and 34 cities. The Company owns and operates Shacks in 10 states and the District of Columbia. As of December 31, 2014, the Company had 31 company-operated Shacks in operation in the United States. The Company also has license arrangements with affiliated and unaffiliated operators to develop and operate Shacks. As of December 31, 2014, 32 licensed Shacks were in operation under license agreements in North America, Europe and Asia.