Shake Shack Inc SHAK shares are trading lower by $0.20 at $50.92 in Friday's session. The issue got a boost in pre-market trading following a Q3 EPS beat by a nickel with $6 million more in revenues. Also, the company raised its FY 2015 outlook.
It peaked at its opening print of $53.50 and began to move lower. The ensuing decline has taken the issue to $50.50 and it is attempting to reclaim the $51 handle.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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