Shake Shack (SHAK) : $16.06 million worth of transactions were on upticks in Shake Shack (SHAK), compared to $12.05 million on downticks. The ratio between the two was 1.33, whereas, the net money flow stood at a healthy $4.02 million on Mondays session. The consistent buying on upticks in the stock accounted for $2.77million worth of trades. The total money flow into the stock stood at $2.77 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.92%. The stock was trading at $37.61, with a drop of $0.35 over the previous days close. The stock recorded -6.67% for the week.
Shake Shack Inc. has lost 9.11% in the last five trading days and dropped 1.29% in the last 4 weeks. Shake Shack Inc. is up 5.2% in the last 3-month period. Year-to-Date the stock performance stands at -5.03%.
Shake Shack (NYSE:SHAK): The stock opened at $38.00 on Monday but the bulls could not build on the opening and the stock topped out at $38.13 for the day. The stock traded down to $37.49 during the day, due to lack of any buying support eventually closed down at $37.61 with a loss of -0.92% for the day. The stock had closed at $37.96 on the previous day. The total traded volume was 1,571,376 shares.
In a related news, The Securities and Exchange Commission has divulged that Sokoloff Jonathan D, director 10% owner of Shake Shack Inc., had unloaded 50,000 shares at an average price of $40.04 in a transaction dated on August 5, 2016. The total value of the transaction was worth $2,002,000.
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.