Shake Shack is up 12% for no reason
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Shake Shack shares are up 12% for no reason.
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On Friday, the burger chain was rally after declining about 5% on Thursday.
On Wednesday, however, the stop was up 20%.
Wednesday also marked the end of the company's lock-up expiration period, which allowed some company insiders to sell their shares for the first time.
The company is set to report earnings on August 10.
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At the current share price, Shake Shack is worth about $2.5 billion.
Here's the stock chart of the last 3 days...
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