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Shake Shack's Downgrade Confirms the Price Action

·1 min read
Shake Shack's Downgrade Confirms the Price Action

Shake Shack was downgraded to a sell by TheStreet's Quant Ratings service Thursday. Let's see how the charts look today. In the daily bar chart of SHAK, below, we can see that prices peaked in February but the decline accelerated in May.