Large Outflow of Money Witnessed in Shake Shack

Shake Shack (SHAK) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.47 million) and the uptick to downtick ratio was 0.15. The transaction value on upticks was $0.08 million and on downticks, the transaction value was $0.55 million. The transaction value of block trades during downticks was $0.45 million. The money flow was negative ($0.45 million), indicating the traders were booking profit on the price strength. Shake Shack (SHAK) rose $0.03 at $39.62, during intraday Friday , a rise of 0.08% over the previous days close.


Shake Shack (SHAK) : The highest short term price target forecast on Shake Shack (SHAK) is $50 and the lowest target price is $30. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $41.56 with a standard deviation of $5.77.

Shake Shack (NYSE:SHAK): stock turned positive on Friday. Though the stock opened at $39.53, the bulls momentum made the stock top out at $40.98 level for the day. The stock recorded a low of $39.15 and closed the trading day at $40.69, in the green by 2.78%. The total traded volume for the day was 934,516. The stock had closed at $39.59 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Shake Shack Inc., Meyer Daniel Harris had sold 29,900 shares worth of $1,196,598 in a transaction dated July 20, 2016. In this transaction, 29,900 shares were sold at $40.02 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.

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