Why Shake Shack Stock Jumped Today [The Motley Fool]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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US:NYSE Investor Relations:
investor.shakeshack.com/investors-overview/overview/default.aspx
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Source: The Motley Fool
Why Shake Shack Stock Jumped Today The fast-casual chain recovered some of its recent losses. Shares of Shake Shack ( NYSE:SHAK ) were on the rebound today, making a surprising comeback on a day when restaurant stocks generally fell . The fast-casual burger chain likely benefited from a tailwind in the market as the S&P 500 rose 6% on hopes for a stimulus bill from the federal government that could put cash directly in Americans' pockets at a time when many are getting laid off or seeing income decline from the coronavirus crisis. On Monday, Shake Shack announced that it was converting to a "To-Go" model temporarily because of the COVID-19 situation. It also pulled its guidance for the year. The stock plunged yesterday alongside the market, though today investors seemed to be encouraged by the news as it may be a sign that the company continues to get some business during the crisis. The stock finished the day up 13.6%. This morning, Deutsche Bank analyst Brian Mullan lowered his pr
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News
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SHAK
Earnings
- 2/15/24 - Beat
SHAK
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- SHAK's page on the SEC website