Shake Shack is tumbling
May 26, 2015, 19:51 IST
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In early trading on Tuesday, the stock dropped by more than 6% to as low as $86.23 per share.
The fast casual food chain had six straight days of gains until Friday, the longest such streak since its January 30 IPO. The stock is up 89% since the IPO.
The stock gained momentum after its first quarter earnings results which crushed expectations, and which Stifel analysts called "a historically impressive 'beat and raise.'"
Here's a chart showing the slide on Tuesday:
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