Why Investors Were Gorging on Shake Shack Stock This Week
Shake Shack(SHAK) The Motley Fool·2024-11-01 22:05Investors and analysts alike cheered the company's trailing-three-month performance.This week's news from hamburger slinger Shake Shack (SHAK 2.00%) was overwhelmingly positive -- hence the stock's double-digit gain over the past five trading days. According to data compiled by S&P Global Market Intelligence, it ended the week more than 12% higher in price. The major impetus to this gain was the company's latest set of quarterly results, accompanied by several analysts' target price raises.Shaking up a big ...