http://investor.shakeshack.com/inve...condary-Offering-of-Common-Stock/default.aspx 12 August 2015 Priced sale of 4 million shares (sold by insiders, not by SHAK) at $60.00 per share. Underwriters have the option to purchase additional 600,000 shares. Closing expected to occur on 18 August (Tuesday) SHAK sold 5,750,000 shares in its IPO: http://investor.shakeshack.com/inve...g-of-its-Initial-Public-Offering/default.aspx Total shares outstanding after completion of the sale of 4 million shares on 18 August will be at least 9,750,000 shares. .
$SHAK closed down 5.5 percent on Wednesday, August 12, 2015, on 2.19 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average.
Wednesday 12 August 2015 (after the close) http://investor.shakeshack.com/inve...condary-Offering-of-Common-Stock/default.aspx Priced sale of 4 million shares (sold by insiders, not by SHAK) at $60.00 per share. Underwriters have the option to purchase additional 600,000 shares. Closing expected to occur on 18 August (Tuesday) SHAK sold 5,750,000 shares in its IPO: http://investor.shakeshack.com/inve...g-of-its-Initial-Public-Offering/default.aspx Total shares outstanding after completion of the sale of 4 million shares on (Tuesday) 18 August will be at least 9,750,000 shares. **** Wednesday 12 August: SHAK closed at $64.79 Wednesday 12 August: SHAK priced 4 million shares at $60 after the close Thursday 13 August: SHAK closed down $10.30 or 15.90% to $54.49 on volume of 7,349,949 shares. (In the IPO it only sold 5,750,000 shares). The only other day where it traded more than 3.3 million shares was on the day of its IPO, when volume was over 16 million shares. .
$SHAK closed down 15.9 percent on Thursday, August 13, 2015, on 8.76 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
$SHAK Is heading to all time low but will this be a buy @ $20. Do you think it can get to this level?
SHAK options commenced trading on 14 August: http://www.marketwatch.com/investing/stock/shak/options .
$SHAK closed up 1.54 percent on Friday, August 14, 2015, on 3.17 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
$SHAK closed up 1.14 percent on Monday, August 17, 2015, on 1.67 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.