Workflow
Why Shake Shack Shares Served Up a 20% Gain This Week
SHAKShake Shack(SHAK) The Motley Fool·2024-02-16 17:39

Investors have developed a big appetite for Shake Shack (SHAK -0.68%) this week. Shares have rocketed higher by more than 20% since last Friday's market close. While the company reported great earnings this week, that's not the only reason shares are pushing higher.As of midday Friday, Shake Shack stock was up by about 23% for the week, according to data provided by S&P Global Market Intelligence. That has shares of the fast casual burger chain sitting at a 52-week-high price that it hasn't touched since th ...