Shake Shack (SHAK) : During the past 4 weeks, traders have been relatively bearish on Shake Shack (SHAK), hence the stock is down -1.39% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.86% relative to the S&P 500. The 4-week change in the price of the stock is -0.37% and the stock has fallen -5.81% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.55% and the 50-Day Moving Average is 0.34%. Shake Shack (NYSE:SHAK): On Fridays trading session , Opening price of the stock was $38.08 with an intraday high of $38.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.63. However, the stock managed to close at $37.96, a loss of 0.99% for the day. On the previous day, the stock had closed at $38.34. The total traded volume of the day was 1,491,033 shares.
The company Insiders own 44.69% of Shake Shack shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.08% . Institutional Investors own 85.44% of Shake Shack shares. During last six month period, the net percent change held by insiders has seen a change of -29.04%. Also, SunTrust Robinson Humphrey upgrades its rating on Shake Shack (NYSE:SHAK). Analysts at the SunTrust Robinson Humphrey have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 11, 2016.
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.